President Mohamed Muizzu has publicly disclosed his annual financial declaration, outlining his assets, income, and liabilities in line with constitutional requirements in the Maldives.
Under Article 120 of the Maldivian Constitution, every sitting president is required to submit an annual declaration of financial interests to the Auditor General. The declaration must detail all assets, properties, business interests, debts, and other financial holdings owned by the president.
Bank Savings and Property Holdings
According to the declaration, President Muizzu currently holds approximately MVR 1.4 million across three separate bank accounts.
The filing also provides details of several properties and assets under his ownership. Among them is Male’ Dimyaath, a property inherited by the President. He also owns a row house valued at MVR 5.5 million, along with a land plot known as Dimyaath located in HA. Vashafaru, estimated to be worth MVR 150,000.
Another listed asset is M. Fig, which the declaration describes as a gifted property.
In addition to real estate holdings, the President owns a vehicle valued at MVR 260,000.
Outstanding Loan Listed in Declaration
The financial disclosure further notes that President Muizzu has an outstanding loan with the Maldives Finance and Leasing Company (MFLC). The remaining balance on the loan stands at approximately MVR 1.3 million.
The declaration states that First Lady Sajidha Mohamed does not currently hold any loans or financial liabilities.
Income Earned Over the Past Six Months
The declaration also outlines income earned by the President during the past six months.
President Muizzu received MVR 285,024 as salary payments during that period. In addition, he earned MVR 240,000 in rental income from the Hulhumalé row house.
Another MVR 180,000 was received as rental income from M. Fig. The declaration identifies these funds as family-gifted funds.
Meanwhile, First Lady Sajidha Mohamed received MVR 199,999 over the same six-month period as the official allowance provided to the First Lady.
She also earned MVR 78,000 in salary payments from the Dimyaath company and received MVR 4,927 for consultancy work carried out for the Health Ministry.
Public Transparency Requirement
Public financial declarations are intended to promote transparency and accountability among senior state officials in the Maldives. Such disclosures provide the public with insight into the financial interests and liabilities of individuals holding the nation’s highest offices.
As scrutiny around governance and transparency continues to grow, these declarations often attract public attention and political discussion regarding wealth, assets, and potential conflicts of interest.
