The Charity Commission has opened a statutory inquiry into an Islamic charity over "related party transactions" with a company which runs a TV station.

The London-based charity Markaz el Tathgheef el Eslami, also known as the Centre for Islamic Enlightening, had an income of £49,000 and total funds of £545,000 in the year to September 2012, the last for which it filed accounts. It says it exists to promote the Islamic religion.

In its 2009 accounts the charity says it agreed to donate £290,000 to the Ahlebait TV Network, a TV station run by Hashim Raza, the son of the charity's chairman, Hassan Raza.

The Commission said it will investigate “issues connected with related party transactions” between the charity and a company which it says “appears to run a TV station and is in voluntary liquidation”.

The Commission said the inquiry “will examine the financial administration and governance of the charity and whether the trustees have complied with and fulfilled their duties and responsibilities as trustees under charity law, particularly with regard to related party transactions”.

The Commission's investigation opened on 3 June 2014.