Dr. Mohamed Shafeeq

Dr. Mohamed Shafeeq is the former Minister of Finance for the Republic of Maldives. During his tenure he presided over the Procurement Policy Board, held the presidency of the National Pay Commission, as well as served as the Governor of the Republic of Maldives to the World Bank Group, Asian Development Bank, Asian Infrastructure Investment Bank, Islamic Development Bank, and the Common Fund for Commodities where he oversaw technical and investment-related aspects of the government under the resource mobilization mandate.

Dr. Shafeeq held the position of Chief Financial Officer (CFO) at the Housing Development Finance Corporation Plc (HDFC). HDFC, a privatized company, boasts a shareholder consortium comprised of the International Finance Corporation (IFC of the World Bank Group), the Asian Development Bank, and HDFC Investments Ltd. of India, jointly holding a 51% stake.

Dr. Mohamed Shafeeq served as the Minister of Finance for the Republic of Maldives, overseeing Fiscal policy, Budgeting, Treasury and Debt management. He played a significant role in the State Internal Audit function, the National Tender Board, and the formulation of State Procurement Policies. In addition, he also held the presidency of the National Pay Commission. Represented the Maldives as governor at international financial institutions, including the World Bank Group, ADB, IsDB, AIIB, and Common Fund for Commodities, focusing on technical and investment aspects of the government under the resource mobilization mandate.

Before assuming the Ministerial post, Dr. Shafeeq served in several key positions, the most recent being the Chief Financial Officer (CFO) at the Housing Development Finance Corporation Plc (HDFC). alongside international stakeholders such as IFC, ADB, and HDFC Bank Ltd., India. Currently he is serving as the Chief Executive Officer (CEO) of Maldives Industrial Development Free Zone.

He is a fellow member of Association of Chartered Certified Accountants (ACCA UK) and Institute of Chartered Accountants of the Maldives, and he has a DBA, MBA, and BA (Hons.) in Accounting and Finance. He is a certified valuer and licensed Auditor and is versed with the Concepts of Islamic Accounting and Reporting

Dr. Shafeeq is skilled in the areas of strategic planning, governance, taxation, budgeting, financial, credit and investment analysis, and special emphasis on corporate training. He has devoted more than two decades to academia, where he has served as a mentor and lecturer. As a registered mentor at Oxford Brookes University, UK., he has made a significant contribution to the Maldives' advancement of professional skills and academic excellence. Furthermore, he has provided business consultancy services to a range of projects which include renewable energy and Islamic Finance.

He served as a Board Member of the Maldives Hajj Corporation and serves as the Chairman of the Audit Committee, currently he is serving on the Board of Housing Development Finance Corporation as the Chairman.