An Egyptian Court has banned Muslim Brotherhood and frozen its assets. The Cairo court in its order has banned all activities by the Muslim Brotherhood, its NGO and any organization derived from it. The court has set up a panel to administer its frozen assets until any appeal is heard. Muslim Brotherhood has said that it will file an appeal against the verdict over the next 10 days.

AIR West Asia Correspondent reports that the court order came on a petition seeking disbanding of the group on the grounds that it used its premises to store weapons and explosives which is against the Egyptian law. Muslim Brotherhood Society was registered as an NGO in March this year.

Egypt's State Commissioners Authority had earlier recommended the dissolution of the Muslim Brotherhood Society and the closure of its Cairo headquarters. The legal setback to Muslim Brotherhood follows the crackdown by the army after the ouster of the former President Mohamed Mursi on July 3 amidst popular protests.

Most of its top leaders including the ousted President Mohamed Mursi and its Supreme guide Mohamed Badie are now behind bars. Founded in 1928 by Hassan al-Banna , Muslim Brotherhood has earlier been dissolved during the reign of Egypt's monarchy in 1951 and during the rule of President Gamal Abdel Nasser in 1954.