Ahmed Inaz, PhD
Chairperson
Appointed: 20 June 2025 | Tenure: 3 years
Professional Experience:
Former Minister of Finance and Treasury
Held key state positions including Deputy Director General at the Ministry of Planning and National Development; State Minister at the Ministry of Economic Development and Trade; and the Senior Advisor at the Maldives Monetary Authority.
Spearheaded key economic reforms including the introduction of GST and BPT, the enactment of the country's first Fiscal Responsibility Act, and the national health insurance scheme, Aasandha.
Led the development of the first SME Act in 2010.
Served on the Government's Privatisation Committee.
Founding member of Transparency Maldives.
Served a three-year term as Chairperson of the Board of Pension Office, following appointment on 20 June 2022.
Academic Qualifications:
PhD, University of Auckland, New Zealand
Masters Degree in International Business Economics, University of Westminster, UK
Masters Degree in Development Economics and Policy, University of Manchester, UK
Bachelor’s Degree in Economics, National University of Singapore, Singapore
Public Sector Representatives
Ms. Shifaza Wajeeh
Board Member
Appointed: 28 February 2023 | Tenure: 3 years | Representation: Ministry responsible for Social Security
Professional Experience:
Director General and the Head of Civil Servants at National Social Protection Agency (NSPA). Held key roles at NSPA since its establishment in 2008.
Held positions in the Social Security Section under various Ministries, and participated at different levels in the development of Social Health Insurance Scheme, Social Cash Transfer Programs, Reform of Retirement and Old Age Basic Pension Schemes and the Disability Act.
Served as a member of the National Social Health Insurance Scheme Board and the Board of Waste Management Corporation.
Served a three-year term as a Board Member of the Pension Office, representing the Ministry responsible for social security, following appointment on 24 February 2020.
Academic Qualifications:
Masters Degree in Development Studies, The University of Sydney, Australia.
Bachelor of Economics (Honours), Help University, Malaysia.
Ms. Fathimath Abdullah Kamaaluddeen
Board Member
Appointed: 7 March 2023 | Tenure: 3 years | Representation: Securities Market Regulator
Professional Experience:
Deputy CEO of the Capital Market Development Authority (CMDA), supporting the CEO in executing strategic initiatives and overseeing the Market Development and IT Department.
Over 5 years of capital market experience serving as the Director General for Market Development and engaged in various strategic and policy level initiatives of CMDA.
Held the role of Board Secretary and Manager of the CEO Secretariat, overseeing international and media relations at CMDA.
Served a three-year term as a Board Member of the Pension Office, representing the Securities Market Regulator, following appointment on 4 March 2020.
Academic Qualifications:
Masters in Management (Finance), University of Melbourne, Australia.
BBA in (International Business & Management), Northwood University, Michigan (USA).
Private Sector Representatives
Mr. Abdul Majeed Ali
Board Member
Appointed: 10 March 2025 | Tenure: 3 years | Representation: Private Sector
Professional Experience:
Managing Partner of Optimo LLP, a registered audit firm providing audit and financial consultancy for SMEs for over a decade.
Served at the Bank of Maldives and Bank of Ceylon, and gained industry experience in banking and finance.
Engaged in various projects related to private sector development, including Private Sector Development Project funded by Asian Development Bank and Micro-enterprise Development Project executed by Islamic Finance Assurance & Advisory Services (IFAAS), United Kingdom.
Served as a Board Member representing the private sector at the Capital Market Development Authority, and served as a member of the Audit and Risk Committee during his tenure.
Served a three-year term as a Board Member of the Pension Office, representing the Private Sector, following appointment on 10 February 2022.
Academic Qualifications:
MSc in International Economics, Banking and Finance, Cardiff University, Wales.
Bachelor of Business, Banking and Finance, Accounting, Monash University, Caulfield, Melbourne, Australia.
Uza. Mizna Ahmed
Board Member
Appointed: 3 July 2023 | Tenure: 3 years | Representation: Private Sector
Professional Experience:
Attorney-at-law with expertise in employment law, aviation, banking and financial law, with over 15 years of experience, including private practice and corporate counsel roles across aviation, tourism, and healthcare sectors in the Maldives.
Senior Partner at S&A Lawyers LLP.
Former Vice President of the Bar Council of the Maldives.
Member of the Chartered Institute of Arbitrators and has previously served on the Board of Directors of the Maldives Qualifications Authority.
Worked as counsel advising the Ministry of Economic Development on Foreign Investment matters.
Academic Qualifications:
Master in Law (specialising in Employment Law), Victoria University of Wellington, New Zealand.
Master in Law (specialising in Corporate and Financial Services), The National University of Singapore.
Bachelor’s of Law L.L.B. (Hons), University of Bristol, England.
Uz. Ashraf Rasheed
Board Member
Appointed: 2 June 2024 | Tenure: 3 years | Representation: Ministry of Finance and Planning
Professional Experience:
Professional lawyer, consultant and advisor specialised in commercial law.
Holds the position of the Senior Legal Counsel at the Ministry of Finance and Planning, concurrently heading the Ministry’s Legal Affairs Department.
Practicing attorney specializing in civil litigation, consultant and advisor for foreign investors in the Maldives, and is the founder and senior partner of the law firm, Ashraf & Co-The Law House.
Held the positions of Deputy Director General at Anti-Corruption Commission and Head of Legal Affairs Department at the Police Integrity Commission.
Served on the Boards of the Maldives Monetary Authority, Housing Development Finance Corporation, and Maldives National Shipping Limited.
Academic Qualifications:
Masters of Law (Business Law), International Islamic University, Malaysia.
Bachelor of Law (Shariah and Law), Maldives National University.
Mr. Ahmed Saruvash Adam
Board Member
Appointed: 10 March 2025 | Tenure: 3 years | Representation: Private Sector
Professional Experience:
Finance and business development consultant with extensive public and private sector experience, specializing in financial modeling, process optimization, investment strategy, and fiscal policy reform in the Maldives.
Served as the Chief Financial Budget Executive at the Ministry of Finance, and played a key role in national budget management, macroeconomic forecasting and tax policy formulation.
Served as the Chairperson of the Maldives Inland Revenue Authority (MIRA) Board of Directors, leading strategic planning and policy development, and as a Board Member of the Maldives Monetary Authority.
Board Member of The Maldives Policy Think Tank and writes for local publications on macroeconomic and fiscal issues.
Academic Qualifications:
MSc in Economic Development and Policy Analysis, University of Nottingham, UK
Bachelor of Business (Accounting), Monash University, Australia.
Mr. Mohamed Maadhin Latheef
Board Member
Appointed: 13 May 2025 | Tenure: 3 years | Representation: Private Sector
Professional Experience:
Chief Risk Officer at Solarelle Insurance leading the risk function of the institution. Played a key role in the development of the risk function from inception, implementing governance frameworks aligned with COSO and ISO 31000.
Managing Partner at Crestance LLP specializing in financial consultancy and assurance services.
Held various roles at Dhiraagu Plc, with responsibilities spanning financial reporting, treasury management, and financial accounting
Actively involved in private business ventures across the tourism and hospitality sectors.
Fellow Member of the ACCA (UK), and Institute of Chartered Accountants of the Maldives.
Academic Qualifications:
Bachelor of Science (Honours) in Applied Accounting, Oxford Brookes University, UK.
Completed Level 1 of the Financial Risk Management qualification, Global Association for Risk Professionals, USA.
Recognised as a Technical Specialist, Institute of Risk Management, UK, the leading global body for Enterprise Risk Management.