The Maldives Association of Finance Industry (MAFI) has officially inaugurated its new Executive Committee (Exco) for the term commencing 5 March 2026, appointing Dr Mohamed Shafeeq as President.
Dr Shafeeq, a former Minister of Finance, brings extensive expertise in public finance, economic policy, and institutional governance. During his tenure in government, he played a pivotal role in shaping fiscal frameworks and strengthening financial management systems. His appointment is expected to reinforce MAFI’s strategic direction as it seeks to modernise and strengthen the Maldivian financial sector.
The newly constituted Executive Committee includes Hawwa Safna as Vice President, Ilyas Haneef as General Secretary, Ali Jinah Shareef as Treasurer, and Shifa Mohamed Saeed as Member.
The new leadership team aims to enhance collaboration across the financial ecosystem, promote financial literacy, and deepen engagement with key stakeholders. The initiative reflects a broader commitment to building a resilient, inclusive, and globally competitive financial services sector in the Maldives.
MAFI’s renewed focus aligns with regional and international trends in financial sector development, positioning the Maldives to strengthen its role within the global financial landscape.
