Muslim group welcoming very revered Indian (5)
I believe the answer is:
shiva
'revered indian' is the definition.
(Shiva is a Hindu god)
'muslim group welcoming very' is the wordplay.
'muslim group' becomes 'Shia' (Shia is one the two main branches of Islam).
'welcoming' means one lot of letters goes inside another (in sense of 'inviting in').
'very' becomes 'v' (abbreviation).
'shia' going around 'v' is 'SHIVA'.
(Other definitions for shiva that I've seen before include "God presiding over personal destinies" , "powerful deity" , "Hindu god, the destroyer" , "Major Hindu god with third eye in middle of forehead" , "Major Hindu deity (the destroyer)" .)