The National Investigative Agency (NIA) on 28 September issued summon notice to Independent MLA Engineer Rashid in connection with terror funding case.
Rashid will be questioned by the NIA on 3 October.
The NIA in the recent past has arrested many separatist leaders and businessmen in the regard.
Earlier on 6 September, the investigation agency conducted searches at around 27 locations in Srinagar and Delhi.
Last month, the NIA arrested seven Kashmiri separatists - Altaf Shah, Ayaz Akbar, Peer Saifullah, Mehraj Kalwal, Shahid-ul-Islam, Naeem Khan and Bitta Karate for allegedly funding terror activities in the Kashmir Valley.