"Ban on Islamic Research Foundation (#IRF) will not adversely affect students studying there. Measures for rehabilitation will be instated," he said in a tweet.
The Union Cabinet today approved a proposal to declare IRF as an 'unlawful association' under the Unlawful Activities Prevention Act for five years.
Naik, who heads the trust, runs Islamic International School that was founded in 2003 in Mazgaon area of Mumbai.