The firms behind Zakir Naik’s Peace TV have both filed for liquidation.
Club TV and Lord Productions were fined £300,000 (Dh1.4 million) by the UK's media regulator Ofcom in May for airing hate speeches.
Now both have filed for liquidation with Companies House claiming they have no assets leaving the regulator £300,000 (Dh1.4 million) out of pocket.
Ofcom had found that four programmes on Peace TV and Peace TV Urdu breached broadcasting rules on incitement to commit crime, hate speech, abuse and offence after it aired diatribes that described people “worse than animals” and advocated the execution of magicians.
It ruled that the broadcasts were “very serious” and could encourage vulnerable viewers to commit killings.
Mr Naik ran both Peace TV and Peace TV Urdu and presented on both channels. Two of the complaints related to his broadcasts.
The TV personality, who is based in Malaysia, has been excluded from travel to the UK, India and Bangladesh and is accused by the Indian government of laundering £23m (Dh109.3m).
Britain barred him from entering the country in 2010, citing “unacceptable behaviour”, although officials have never spelled out the nature of the behaviour.
Club TV and Lord Productions Limited, which Mr Naik set up and was a director, are both owned by parent company Universal Broadcasting Corporation Limited which is still operating.
Mr Naik was also a director of Universal Broadcasting Corporation Limited.
Both the satellite stations are bankrolled by UK registered charity the Islamic Research Foundation International, which was founded by Mr Naik who is also its chairman.
It is now under investigation by the UK's Charity Commission.
Last year, Ofcom threatened to strip both the television stations, which claimed to reach two million viewers, of their licences but both voluntarily surrendered them last November.
“In this case, the potential for very serious harm if this material incited others was clear, “ Ofcom had said.
“Ofcom was concerned that the statements made by the scholar had the clear potential to influence impressionable viewers by encouraging serious crime, up to and including murder, and/or leading to disorder in relation to members of the public, in particular to Muslim people practicing magic as part of their faith.
“We also found that the scholar’s religious standing gave his statements greater weight and authority with the viewer, which compounded the seriousness of the breach. Ofcom considers the potential harm arising from such hate speech to be very serious.”
This week the charity watchdog barred Mr Naik from running charity Islamic Research Foundation International during its inquiry.
The Commission’s inquiry is focusing on why the charity has continued to fund Peace TV channels following repeated broadcasting breaches due to hate speeches and hosting radicals and extremist speakers in the past four years.
Mr Naik was barred from the UK in 2010 but continued to operate the channels until last year.
The licence for Peace TV was held by Lord Productions Limited, which was fined £100,000, and Club TV, which held the licence for Peace TV Urdu, was fined £200,000 over the broadcasting breaches.
“In reaching its decision on the imposition of a sanction in this case, Ofcom has taken full account of the need to ensure that any penalty acts as a deterrent, including to other broadcasters,” it added.
“In this case Ofcom believed that a financial penalty was necessary to reflect the serious nature of the Code breaches and to act as an effective incentive to comply with the Code, for other licensees.”
Ofcom previously fined Club TV £65,000 for hate speech violations in 2016.
The biog
Hometown: Cairo
Age: 37
Favourite TV series: The Handmaid’s Tale, Black Mirror
Favourite anime series: Death Note, One Piece and Hellsing
Favourite book: Designing Brand Identity, Fifth Edition
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Edited by Sahm Venter
Published by Liveright
The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
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EPL's youngest
- Ethan Nwaneri (Arsenal)
15 years, 181 days old - Max Dowman (Arsenal)
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16 years, 68 days old
The biog
Name: Maitha Qambar
Age: 24
Emirate: Abu Dhabi
Education: Master’s Degree
Favourite hobby: Reading
She says: “Everyone has a purpose in life and everyone learns from their experiences”
How to help
Donate towards food and a flight by transferring money to this registered charity's account.
Account name: Dar Al Ber Society
Account Number: 11 530 734
IBAN: AE 9805 000 000 000 11 530 734
Bank Name: Abu Dhabi Islamic Bank
To ensure that your contribution reaches these people, please send the copy of deposit/transfer receipt to: juhi.khan@daralber.ae
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
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Fuel consumption: 9.1L/100km
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Read part three: the age of the electric vehicle begins
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Cherry
Directed by: Joe and Anthony Russo
Starring: Tom Holland, Ciara Bravo
1/5
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Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
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Torque: 985Nm
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Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
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Key facilities
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- Premier League-standard football pitch
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- NBA-spec basketball court with auditorium
- 600-seat auditorium
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- An elevated football field that doubles as a helipad
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- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
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Why are asylum seekers being housed in hotels?
The number of asylum applications in the UK has reached a new record high, driven by those illegally entering the country in small boats crossing the English Channel.
A total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.
Asylum seekers and their families can be housed in temporary accommodation while their claim is assessed.
The Home Office provides the accommodation, meaning asylum seekers cannot choose where they live.
When there is not enough housing, the Home Office can move people to hotels or large sites like former military bases.
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Started: July 2016
Founders: Mukesh Bansal and Ankit Nagori
Based: Bangalore, India
Sector: Health & wellness
Size: 500 employees
Investment: $250 million
Investors: Accel, Oaktree Capital (US); Chiratae Ventures, Epiq Capital, Innoven Capital, Kalaari Capital, Kotak Mahindra Bank, Piramal Group’s Anand Piramal, Pratithi Investment Trust, Ratan Tata (India); and Unilever Ventures (Unilever’s global venture capital arm)
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Starring: Daniella Weiss, Ari Abramowitz
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AT4 Ultimate, as tested
Engine: 6.2-litre V8
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Torque: 623Nm
Transmission: 10-speed automatic
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On sale: Now
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The biog
Family: wife, four children, 11 grandchildren, 16 great-grandchildren
Reads: Newspapers, historical, religious books and biographies
Education: High school in Thatta, a city now in Pakistan
Regrets: Not completing college in Karachi when universities were shut down following protests by freedom fighters for the British to quit India
Happiness: Work on creative ideas, you will also need ideals to make people happy
Tomorrow 2021
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Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
COMPANY%20PROFILE%20
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What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
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Profile of Hala Insurance
Date Started: September 2018
Founders: Walid and Karim Dib
Based: Abu Dhabi
Employees: Nine
Amount raised: $1.2 million
Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers
NYBL PROFILE
Company name: Nybl
Date started: November 2018
Founder: Noor Alnahhas, Michael LeTan, Hafsa Yazdni, Sufyaan Abdul Haseeb, Waleed Rifaat, Mohammed Shono
Based: Dubai, UAE
Sector: Software Technology / Artificial Intelligence
Initial investment: $500,000
Funding round: Series B (raising $5m)
Partners/Incubators: Dubai Future Accelerators Cohort 4, Dubai Future Accelerators Cohort 6, AI Venture Labs Cohort 1, Microsoft Scale-up