maf | Maldives Accountants Forum

INTRODUCTION

Accounting profession is critical to the development and wellbeing of national economies and the global economy. As trade across borders continues its exponential growth, the need for reliable and high-quality financial reporting as well as assurance provided by the auditors on them cannot be overstated; they are the keys to improving financial transparency, management accountability, good governance as well as the main source of investor confidence and contribute immensely to the process of achieving financial prudence.

Maldives Accountants Forum is the national platform for all the professional auditors and accountants to discuss and deliberate on matters of mutual interest with the industry stakeholders and regulators. The purpose of the forum is to promote accounting professionals and gain the trust and confidence of the industry in their work while giving them the opportunity to share, learn, network and understand the emerging issues

With the enactment of Maldives Chartered Accountants Act 13/2020 on 8th September 2020, CA Maldives took on the mantle of the regulator of the accountancy profession and has since continued its efforts to advance the interests of accounting community in the country under the leadership of the Auditor General who will remain the President of Institute of Chartered Accountants during the transitional period of four years.

MAF 2021 was successfully conducted by CA Maldives with more than 150 participants. The fourth edition of the annual event, the Maldives Accountants Forum, held under the theme ‘Readiness Mindset, Striving for Excellence’ organized by CA Maldives, commenced on 15th November 2021. The forum was targeted at auditors, accountants in business, regulators, business community and academia. Both local and foreign experts of the industry joined MAF 2021 to deliver a total of 18 insightful, interesting and engaging sessions and panel discussions.

CA Maldives aims to bring more exciting content including technical sessions and panel discussions. The theme for MAF 2022 is ‘Economic Transformation, Rethinking Growth in the New Economy’.

Goals / Objectives

To promote auditors and accountants and to gain confidence of the industry for their work
To orient the auditors and accountants to the emerging issues and opportunities
To hear the concerns and expectation of the business community
To share learning, experience and expectations among the key stakeholders
To gain insight for making policy decision
To provide networking opportunities

Target Audience

Ministries and other Statutory bodies
SOEs
Financial Institutions & Banks
Universities / Colleges and other Educational Institutions
Licensed Auditors & Professional Accountants
Private Sector Businesses (Large companies)
Media

THEME

Economic Transformation, Rethinking Growth in the New Economy

REGISTRATION

Speakers

Dr. Abdulla Mausoom

Minister of Tourism

Dr. Abdulla Mausoom

Minister of Tourism

Dr. Abdulla Mausoom, the Minister of Tourism, Republic of Maldives is also an elected government member of PATA Executive Board.
Dr. Mausoom started his career in Tourism Industry in 1985 and has contributed to the industry in both public and private sector. In 2008 Dr. Mausoom held the Government’s Cabinet portfolios as Minister of Tourism and Civil Aviation and Minister of Environment Energy and Water. He headed the Maldives Tourism Promotion Board from 2004 to 2008 and played a major role together with industry partners and stakeholders in Maldives’s tourism recovery campaign following the Indian Ocean tsunami of 2004. As a Member of Parliament, he represented Kelaa Constituency from 2009 to 2014. Dr. Mausoom also served as the High Commissioner of the Republic of Maldives to the Republic of Singapore and Non- Resident High Commissioner to New Zealand. He also managed the largest tourist resort in the Maldives for over 4 years.

Session

Day 1 | 9:20 - 9:25 - Speech by Chief Guest: Dr. Abdulla Mausoom, Minister of Tourism
Day 1 | 10:40 - 11:25 - Panel Discussion on Future of Tourism in Maldives

Ms. Aminath Shauna

Minister of Environment Climate Change & Technology

Ms. Aminath Shauna

Minister of Environment Climate Change & Technology

H.E. Aminath Shauna was sworn in as the Minister of Environment, Climate Change and Technology on May 5, 2021. Her portfolio includes, protecting the natural environment, action and advocacy on climate change, science and technology development, and the implementation of policies on energy, telecommunications, water, and waste management. She also provides policy direction to the Ministry’s affiliated agencies, namely, the Environmental Protection Agency and the Biosphere Reserve Office. Prior to her appointment Shauna served as the Policy Secretary to H.E President Ibrahim Mohamed Solih. Previously, Shauna served as Under Secretary at the Policy Office of the President’s Office from 2008-2012, where she was responsible for the coordination of all government policy matters, including climate change. She oversaw the secretariat of the Climate Change Advisory Council, the expert body providing climate change policy advice to the President

Session

Day 2 | 9:20 - 9:25 - Panel Discussion on Sustainability & Blue Economy

Dr. Hussain Rasheed Hassan

Minister of Fisheries, Marine Resources & Agriculture

Ms. Mariyam Visam

Registrar of Companies, Ministry of Economic Development

Ms. Mariyam Visam

Registrar of Companies, Ministry of Economic Development

Ms. Visam is the Registrar of Companies, entrusted with the responsibility to formulate policies and strategies to facilitate business registration as per the applicable laws and regulations. Since 2014, she continues to contribute her expertise to the Government of Maldives in designing business services, facilitating FDIs, Unsolicited Proposals and other regulatory policies. She is also a member of the Board of Directors of Capital Market Development Authority (CMDA). She also represents Maldives on the Executive Committee of Corporate Registers Forum, an association of international corporate registries. She has over 15 years of experience in economic affairs and financial sector. She has also facilitated a number of executive education programs from postgraduate courses to corporate governance training programs on Local Governance, Entrepreneurship, Corporate Governance, Risk Management, Strategy & Business Ethics. Ms. Visam holds a Master’s Degree in Business Economics from the University of Queensland, Australia.

Session

Day 1 | 14:15 - 14:45 - Policy Reforms in Maldivian Business environment
Day 1 | 14:45 - 15:45 - Panel Discussion on Transforming SOE sector: Case for privatization

Mr. H.M. Hennayake Bandara FCMA

President, SAFA

Mr. Ahmed Saruvash Adam

Chief Financial Budget Executive, Ministry of Finance

Mr. Ahmed Saruvash Adam

Chief Financial Budget Executive, Ministry of Finance

Ahmed Saruvash Adam is the head of the national budget and the fiscal policy at the Ministry of Finance of the Maldives. He leads the budget preparation, budget execution, and macroeconomic forecasting and tax policy works while assisting in a broad range of work at the Ministry. He is also instrumental in recent fiscal reforms in the Maldives, including the efforts on fiscal transparency and the establishment of the tax policy unit at the ministry. He oversaw efforts to modernize the budget process in the Maldives and is leading the implementation of the program budgeting in the Maldives. Before joining the Ministry, he worked in Maldives Inland Revenue Authority, where he led the formulation of the first strategic plan of the institution, carried out revenue forecasting, and assisted in performance measurement. He holds an MSc in Economic Development and Policy Analysis from the University of Nottingham, UK.

Session

Day 2 | 13:15 - 14:15 - Panel Discussion on Sustainability: Future of Fisheries Sector in the Maldives

Mr. Ibrahim Rasheed Aboobakuru

State Minister, Ministry of Tourism

Dr. Abdulla Naseer

State Minister, Environment Ministry

Dr. Abdulla Naseer

State Minister, Environment Ministry

He completed his studies in Biology at Dalhousie University, Halifax, Canada, with a doctorate. Until 2018, Dr. Naseer worked as a Senior Lecturer at The Maldives National University. He also worked as the Permanent Secretary of Ministry of Fisheries and was responsible for administrative and financial management of the Ministry as well as for the implementation of policies and programs of the Ministry, under the direction of the Minister of Fisheries and Agriculture.
Over the past 19 years, Dr. Naseer has acquired a deep understanding of the dynamics of Coral reef biology, ecology and management and the Study of large-scale processes affecting coral reef formation and growth characteristics. He also focuses on the Environmental impact assessment on coral reefs, Management and policy development for coral reef ecosystems.

Session

Day 2 | 9:25 - 10:25 - Panel Discussion on Sustainability & Blue Economy

Mr. Mohamed Hussain Maniku

Chief Executive Officer, Capital Market Development Authority

Mr. Mohamed Hussain Maniku

Chief Executive Officer, Capital Market Development Authority

Mr. Mohamed Hussain Maniku is the Chief Executive Officer and Board Director at the Capital Market Development Authority (CMDA) effective from 13th January 2021 undertaking the responsibilities entrusted by the Maldives Securities Act (No. 2/2006) and implements strategic initiatives to alleviate Maldives Capital Market.
Mr. Maniku joined Government services right after finishing school and has been serving the nation for over 40 years. Mr. Maniku was former Managing Director of State Trading Organization (STO) and the Chief Executive Officer of Maldives Pension Administration Office (MPAO). Mr. Maniku was also a former Ambassador of the Maldives to the United States of America. Mr. Maniku holds a Bachelor of Business Administration degree from the American University of Beirut.

Session

Day 1 | 13:10 - 14:10 - Panel Discussion on Financing Economic Growth in the Maldives: Alternative Financing Options

Dr. Fazeel Najeeb

Former Governer

Mr. Aniket Sunil Talati

Vice President, The Institute of The Institute of Chartered Accountants of India

Mr. Aniket Sunil Talati

Vice President, The Institute of The Institute of Chartered Accountants of India

CA. Aniket Sunil Talati has been elected as the Vice-President of the Institute of Chartered Accountants of India for the term 2022-23. He was the Chairman of Financial Reporting Review Board (FRRB), Vice Chairman of CSR Committee and Convenor of Digital Re-Engineering & Learning Directorate of ICAI. He is the Director of ICAI Accounting Research Foundation (ICAI ARF), Indian Institute of Insolvency Professionals of ICAI (IIIPI) and Extensible Business Reporting Language (XBRL) India and the member of various other Committees, Boards and Directorates of ICAI. CA. Aniket Sunil Talati is at the forefront of Digital Transformation within ICAI, and numerous digital Initiatives launched under him stand testimony to this fact.
CA. Aniket Sunil Talati has been appointed as the Technical Advisor to the ICAI's Nominee on the PAIB Advisory Group of IFAC. Previously, he has also served as Technical Advisor to the IFAC Board Member. He has also been recently appointed as the Technical Advisor to the Board member of SAFA (South Asian Federation of Accountants).

Session

Day 2 | 9:00 - 9:20 - Keynote on Sustainability

Professor. Lakshman R. Watawala

President, CMA Sri Lanka

Professor. Lakshman R. Watawala

President, CMA Sri Lanka

Prof. Lakshman R. Watawala is a Fellow Member of the Institute of Chartered Accountants of Sri Lanka, Fellow Member of the Institute of Certified Management Accountants of Sri Lanka, and Fellow Member of the Chartered Institute of Management Accountants of UK, Chartered Global Management Accountant (CGMA ) and Fellow of the Institute of Chartered Professional Managers of Sri Lanka.
He is a past President of Institute of Chartered Accountants of Sri Lanka, South Asian Federation of Accountants (SAFA), Organization of Professional Associations of Sri Lanka (OPA), Founder President Association of Accounting Technicians of Sri Lanka (AAT), Founder President Institute of Certified Management Accountants of Sri Lanka and Founder President Institute of Chartered Professional Managers of Sri Lanka. Currently he is a Board Member of South Asian Federation of Accountants (SAFA) and Chairman of the International Relations Committee.

Session

Day 1 | 11:30 - 11:45 - Role of professional accounting organizations in the economy

Mr. Asim Mohamed

President, Privatization and Corporatization Board

Mr. Hassan Shah

Managing Director, Maldives Water and Sewerage Company

Mr. Hassan Shah

Managing Director, Maldives Water and Sewerage Company

Mr. Hassan Shah appointed as Managing Director Male’ Water and Sewerage Company PVT Ltd (MWSC) on 21st January 2020.
Prior to his appointment as the Managing Director of MWSC, he held key positions including Chief executive Office of Maldives Transport and Contracting Company Plc (MTCC), member of Election Commission of Maldives, Chairman of Maldives Ports Limited (MPL) and Minister of State at Ministry of Environment and various other posts at Governments and Boards of SOEs. Mr. Shah was the Director at Water Solution Pvt Ltd for 13 years and has worked as Environment Consultant for more than 5 years in the industry.
Mr. Shah has over 6 years of experience in corporate governance filed including corporate Leadership and Finance. Mr. Shah holds a Bachelor of Science in Environmental Science from Yuvaraja’s college, University of Mysore, India. Furthermore, he has accomplished several leadership and financial training course both abroad and locally.

Session

Day 1 | 14:45 - 15:45 - Panel Discussion on Transforming SOE sector: Case for privatization

Mr. CMA P Raju Iyer

President, The Institute of Cost Accountants of India

Mr. CMA P Raju Iyer

President, The Institute of Cost Accountants of India

Mr. CMA P. Raju Iyer is elected as the Vice President of the Institute for the year 2020- 2021. He is a Fellow Member of the Institute of Cost Accountants of India and is in practice since 2000. He is also an Associate Member of the Institute of Company Secretaries of India [ICSI] and the Chartered Institute of Management Accountants (CIMA), UK.
He has a rich experience over period of 4 decades with increasing and progressive responsibilities covering wide areas of organizational development, wealth creation & value addition process to the profession. Has been prolific and motivating speaker, mentored youth and professionals with wide network in India and abroad. He has addressed in national and international conferences, seminars, symposium for students and professionals. Received Par Excellence President Award from His Excellency Shri. Rossaiah, then Governor of Tamil Nadu, India.

Session

Day 2 | 15:15 - 16:05 - Panel Discussion on Tax Reform Agenda

Mr. Md. Shahadat Hossain FCA

President, The Institute of Chartered Accountants of Bangladesh

Mr. Md. Shahadat Hossain FCA

President, The Institute of Chartered Accountants of Bangladesh

Md. Shahadat Hossain FCA is the President of Institute of Chartered Accountants of Bangladesh (ICAB) for the year 2022. He is in the ICAB Council since 2007. He was a Vice President of ICAB in 2009 & 2011 and Chairman of many Standing & Non-Standing Committees of Council-ICAB including Executive Committee, Examination Committee, SMP Committee etc. He was the Secretary of Dhaka Regional Committee (DRC) of ICAB in 2004. He is the Board Member of South Asian Federation of Accountants (SAFA). Md Shahadat Hossain FCA is a Senior Partner of MABS & J Partners, Chartered Accountants. He is a Member of Advisory Committee of Bangladesh Securities & Exchange Commission (BSEC), Board of Directors & Academic Council of Bangladesh Institute of Capital Market (BICM), General Body/Council of SME Foundation, Board of Directors of Dhaka Mass Transit Co. Ltd(DMTCL), Board of Directors Dhaka Bus Rapid Transit Co. Ltd, Board of Directors of Rajshahi WASA and Board of Directors of Agrani Bank Limited. Mr. Hossain also worked as Member of National Wages and Productivity Commission (NWPC) under Labour and Employment Ministry, Govt.of the People's Republic of Bangladesh. He is a trainer on IFRS and a regular contributor to different dailies, periodical journals, TV talk shows, radio programs and roundtables. He authored three books in Bengali and English – (1). Bangabandhu O Bangladesher Arthonity, (2). Muktir Shangram and (3) Accountability for Economic Development.

Session

Day 1 | 12:50 - 13:05 - Keynote on Economic Transformation - Experience by Bangladesh

Mr. Abdul Wahid

Chief Executive Officer, ENSIS Fisheries Pvt Ltd

Ms. Ibthishama Ahmed Saeed

Chief Executive Officer & Managing Director, Maldives Finance and Leasing Company

Ms. Zahara Ansary

Ms. Fathmath Fazleena

Mr. Ahmed Zeenadh

Ms. Fathimath Abdulla Kamaaludheen

Deputy Chief Executive Officer, Capital Market Development Authority

Ms. Fathimath Abdullah Kamaludeen holds the post of Deputy CEO, of the Capital Market Development of the Authority (CMDA) effective from 1 June 2021. As the Deputy CEO, she undertakes the responsibilities entrusted by Maldives Securities Act and assist the CEO of CMDA to implement the strategic efforts of the Authority to attain greater heights to the Maldives Capital Market. As the deputy CEO, she also overseas and coordinates the functions of the Market Development Department and Information Technology Department. She also joined the Maldives Pension Administration Office Board on 4th March 2020 as a member representing the Securities Market Regulator.
Ms. Kamaludeen has also undertaken the role of the Director General, Board Secretary and Manager of CEO Secretariat, mainly engaging in strategic level activities, and managing the Authority’s international and media relations. She has over 8 years of experience in various aspects of Capital Market regulation and development. Ms. Kamaludeen holds a Masters in Management (Finance) from the University of Melbourne (Australia) and a BBA in (International Business & Management) from Northwood University, Michigan (USA).

Session

Day 1 | 14:45 - 15:45 - Panel Discussion on Transforming SOE sector: Case for privatization

Mr. Robin Wall

Mr. Adam Ziyad

Director General of Fisheries Department, Fisheries Ministry

Adam Ziyad was appointed as the Director General of the Fisheries Department of the Ministry of Fisheries, Marine Resources and Agriculture in January 2020. His primary responsibilities include overseeing the management and development of fisheries sector in the Maldives. He first joined the Ministry in August 2003. He holds a Bachelor’s Degree in Applied Science (Fisheries Management) from the Australian Maritime College, University of Tasmania and a Master’s Degree in Coastal and Marine Resources Management from the University of Portsmouth, UK. Some of the notable outputs that were led by Mr. Ziyad include the establishment of a licensing regime for fishing vessels, fish processing facilities and aquaculture establishments in Maldives. He was also an integral member of the team that led the efforts to establish logbook-based catch and effort reporting in the Maldives. He is also the Commissioner from the Maldives to the IOTC.

Session

Day 2 | 13:15 - 14:15 - Panel Discussion on Sustainability: Future of Fisheries Sector in the Maldives

Mr. Ismail Hameed

Mr. Ali Shareef

Deputy Chief of Party to the USAID Climate Adaptation Project

Ali Shareef served the Government for more than 15 years with the Maldives Meteorological Services and at the Ministry of Environment at the Climate Change Department. Coming from a scientific background with a profession in Meteorology and Climatology, he has a wealth of information on the needs and use of data for climate change adaptation. He has experience in program and project implementation related to climate change adaptation and mitigation.
He also played a key role in the formulation of the Maldives Climate Change Policy Framework, Maldives first Biennial Update Report (BUR) to the United Nations Framework Convention on Climate Change (UNFCCC), Second National Communications, the Maldives first and second Nationally Determined Contribution (NDC).
He was also a member of the national delegation to the UNFCCC negotiations, as well as a Lead Author (LA) to the Working Group III (WG III) of the Intergovernmental Panel on Climate Change (IPCC) to the 6th Assessment Report.

Session

Day 2 | 9:25 - 10:25 - Panel Discussion on Sustainability & Blue Economy

Mr. Ismail Fariq

General Manager, Maldives Transporting and Contracting Company

Mr. Ismail Fariq joined MTCC in 2001 and was assigned to his current position as the General Manager of the Marine Transport Division in 2021. Mr. Fariq has served in several senior posts of the Company during his 21 years of service in the Company. Prior to his appointment to his current position Mr. Fariq served as the General Manager of the Trading Division. He has also served as the Head of Sales and Marketing of the Marketing Department (the former Trading Division), Head of the Transport Department, Head of Procurement Department, Head of Logistical Operations Department, and as the Head of the Business Development Department.
Mr. Ismail Fariq holds a Master of Economics degree from the University of Malaya and a Bachelor of Business Management degree from the University of Queensland, Australia.

Session

Day 2 | 12:55 - 13:10 - Keynote on Infrustructure development for Sustainable Development

Ms. Fathimath Reesha

Mr. Abdul Haleem

Mr. Mohamed Inaz

Mr. Shaun Shareef

Chief Internal Auditor, Maldives Industrial Fisheries Company Ltd

Mr. Shaun Shareef is a member of Association of Chartered Certified Accountants, (ACCA) and Fellow member & licensed auditor of Institute of Chartered Accountants of the Maldives (ICAM).
For the past decade, Mr. Shaun has been contributing his professional career to government institutions, independent institutions, state-owned enterprises, and private sector. Today, he is proudly serving as the Chief Internal Auditor (CIA) at Maldives Industrial Fisheries Company Limited (Mifco), the largest Company in the Maldivian fishing industry.
He is committed to the highest professional standards for performing audits with proven background in internal & external audit, risk assessments and controls assessments with compliance to relevant frameworks. In addition, with his extensive experience, he designs & conduct training sessions on various topics.

Session

Day 2 | 13:15 - 14:15 - Panel Discussion on Sustainability: Future of Fisheries Sector in the Maldives

Mr. Ali Faris Mohamed

Mr. Abdulla Husam Shareef

Partner & Senior Tax Advisor, CTL Strategies

Husam’s practice comprises a mix of transactional tax advisory work, mainly including tax structuring, tax planning and advisory services on tax complexities in clients’ cross-border transactions, with a focus on transfer pricing and withholding tax issues. Much of Husam’s work also involves representing clients in tax controversies at the Maldives Inland Revenue Authority, and the Tax Appeal Tribunal and acting as a tax advisor in both trial and appellate courts in the Maldives.
Husam is currently an appointed member of the board of directors at the Bank of Maldives. Husam also has extensive experience in public policy from his time working at the President’s Office as an Under-Secretary at the Policy Office. As the Chair of the Government’s Tax Reform Committee, Husam also played a key role in the recent tax reform agenda and was instrumental in the formulation of policies on the current income tax regime.
Husam holds a Master’s degree in governance and Public Policy from the University of Queensland, Australia, and a Bachelor’s Degree in Economics from the International Islamic University, Malaysia.

Session

Day 2 | 15:15 - 16:05 - Panel Discussion on Tax Reform Agenda

Mr. Ahmed Ali

Vice - Chairperson, Tax & Public Policy Committee, CA Maldives

Ahmed Ali, FCCA, leads the tax advisory practice of S&A. He is a Chartered Accountant with over 10 years of professional experience.
Prior to joining the firm he was the Assistant Commissioner General, Revenue Operations at Maldives Inland Revenue Authority where he joined as Manager of Audit Management in 2011. He grew through the ranks of the organization and held positions such as Director of BPT Audit, Senior Director of Large Taxpayer Services, Director General of Large Business Department.
Having worked at MIRA almost from its inception, Ahmed played a key role in formulating and implementing the tax laws currently in force in the Maldives. Further, with his extensive knowledge gained through resolving complex tax and accounting issues together with necessary academic and professional qualifications, he brings a unique blend of skills and perspective to the firm in advising his clients.
He holds MSc Finance from International Islamic University Malaysia and Bachelor of Accounting (Honors).
He is a Fellow member of ACCA and serves as an Independent Director for the board of Maldives Islamic Bank.

Session

Day 2 | 15:15 - 16:05 - Panel Discussion on Tax Reform Agenda

Mr. Ahmed Jihad

Mr. Hussain Afeef

Mr. Mohamed Haleem

Council Member, CA Maldives

Mr. Mohamed Haleem is the Head of Finance at Villa Air Pvt Ltd and also serves as a Board Member of Capital Market Development Authority (CMDA). He has over 15 years of experience in accounting, auditing, financial management and academia, with his auditing experience started at PWC.
Mr. Haleem has a rich experience in lecturing and mentoring students in both academic and professional programs. He is a registered mentor of Oxford Brookes University, UK, and also sits on Advisory Committee for Faculty of Business Management at Villa College.
Mr. Haleem is a Fellow Member of the Association of Chartered Certified Accountants (FCCA) and a member of Chartered Institute of Management Accountants (CIMA). In addition, he holds Master of Science in Professional Accountancy from University of London

Session

Day 1 | 13:10 - 14:10 - Panel Discussion on Financing Economic Growth in the Maldives: Alternative Financing Options

Mr. Adam Naseer

Mr. Kiruba Shankar

Professor of Digital Marketing

Kiruba Shankar is a digital entrepreneur, professional speaker, author of 5 books, professor of digital marketing, podcaster and an organic farmer. He is the CEO of BusinessBlogging, a social media consulting firm. Kiruba has 24 years of work experience in the digital domain. He is the recipient of the 'Digital Entrepreneur of the Year' award from India Innovation Forum.
Kiruba is a professional speaker and co-founded the Professional Speakers Association of India under the aegis of the Global Speakers Federation.
He has authored 6 books and is working on his 7th. He has written columns for Financial Express, New Indian Express and Deccan Chronicle. He has taught at Great Lakes Institute of Management, IIM Bangalore, IIM Kozhikode, LIBA and BIM Trichy.
Kiruba is an avid organic farmer and runs Vaksana Farms, a 13 acre farm in a remote village in Tamilnadu.

Session

Day 2 | 16:10 - 16:40 - Leadership Session on "Growth Opportunities Available in a Digital Economy"

29th October
Saturday
30th October
Sunday

8.00 - 9:00

Registration and Arrival of Participants & Guests

9.00 - 9:05

Recitation of Quran

Ms. Sudha Mohamed, Bachelor of Islamic Banking & Finance, Islamic University of Maldives

9.05 - 9:10

Opening of the Forum

9:10 - 9:15

Welcoming Remark by President of the Institute

Mr. Hussain Niyazy, Auditor General & President of the Institute

9:15 - 9:20

MAF Video

9:20 - 9:25

Speech by Chief Guest: Dr. Abdulla Mausoom, Minister of Tourism

Dr. Abdulla Mausoom, Minister of Tourism

9:25 - 9:30

Awarding of SAFA Membership to CA Maldives

9:30 - 9:40

Remarks by SAFA President

Mr. H.M. Hennayake Bandara FCMA, President, SAFA

9:40 - 9:45

Video Message by IFAC President

Mr. Alan Johnson, President, IFAC

9:45 - 9:50

Launching of Sustainability Reporting Award

9:50 - 9:55

Closing Remarks

Mr. Hassan Mohamed, Vice President of the Institute

9:55 - 10:25

Morning Tea

10:25 - 10:40

Maldives Tourism Outlook

Mr. Ibrahim Rasheed Aboobakuru, State Minister, Ministry of Tourism

10:40 - 11:25

Panel Discussion on Future of Tourism in Maldives

Panelists: Dr. Abdulla Mausoom, Minister of Tourism Mr. Ismail Hameed, President, National Boating Association of Maldives Mr. Ahmed Jihad, Cooperate General Manager, Cocoon Maldives
Moderator: Mr. Hussain Afeef, President, MAHRP

11:30 - 11:45

Role of Professional Accounting Organizations in the Economy

Professor. Lakshman R. Watawala, President, CMA Sri Lanka

11:50 - 12:50

Lunch and Prayer Break

12:50 - 13:05

Keynote on Economic Transformation - Experience by Bangladesh

Mr. Md. Shahadat Hossain FCA, President, The Institute of Chartered Accountants of Bangladesh

13:10 - 14:10

Panel Discussion on Financing Economic Growth in the Maldives: Alternative Financing Options

Presentation: Mr. Mohamed Haleem, Council Member, CA Maldives Panelists: Mr. Mohamed Hussain Maniku, Chief Executive Officer, Capital Market Development Authority Dr. Fazeel Najeeb, Former Governer
Moderator: Mr. Mohamed Haleem, Council Member, CA Maldives

14:15 - 14:45

Policy Reforms in Maldivian Business Environment

Ms. Mariyam Visam, Registrar of Companies, Ministry of Economic Development

14:45 - 15:45

Panel Discussion on Transforming SOE sector: Case for Privatization

Presentation: Ms. Fathimath Sana, Assistant Finance Analyst, Privatization and Corporatization Board Panelists: Mr. Asim Mohamed, President, Privatization and Corporatization Board Mr. Hassan Shah, Managing Director, Maldives Water and Sewerage Company Ms. Fathimath Abdulla Kamaaludheen, Deputy Chief Executive Officer, Capital Market Development Authority
Moderator: Ms. Mariyam Visam, Registrar of Companies, Ministry of Economic Development

15:50 - 16:20

Leadership Growth - Keys to Creating Synergy

Mr. Adam Naseer, General Manager, Leadership & Organizational Development, Maldives Airports Company Ltd

16:25 - 16:55

Networking & Evening Tea

8.30 - 9:00

Registration and Arrival of Participants & Guests

9.00 - 9:20

Keynote on Sustainability

Mr. Aniket Sunil Talati, Vice President, The Institute of Chartered Accountants of India

9:25 - 10:25

Panel Discussion on Sustainability & Blue Economy

Presentation: Dr. Abdulla Naseer, State Minister, Ministry of Environment Climate Change & Technology Panelists: Ms. Aminath Shauna, Minister of Environment Climate Change & Technology Mr. Ali Shareef, Deputy Chief of Party to the USAID Climate Adaptation Project Mr. Abdul Haleem Abdul Latheef, Chief Investment Officer, First National Finance Corporation
Moderator: Mr. Mohamed Inaz, Director, Climate Change & Sustainable Development, FJS Consulting Pvt Ltd

10:30 - 11:00

Morning Tea

11:00 - 11:05

MoU Signing Ceremony between CIMA and CA Maldives

11:05 - 11:15

Accountants Leading Governance in the New World

Ms. Zahara Ansary, AICPA&CIMA, Country Manager, Sri Lanka & Maldives

11:20 - 11:50

Keynote on Changing Role of Finance Function in the New Economy

Mr. Robin Wall, Chief Financial Officer, Dhiraagu

11:55 - 12:55

Lunch and Prayer Break

12:55 - 13:10

Reliable Public Transport Network for Economic Prosperity

Mr. Ismail Fariq, General Manager, Maldives Transporting and Contracting Company

13:15 - 14:15

Panel Discussion on Sustainability: Future of Fisheries Sector in the Maldives

Presentation: Mr. Adam Ziyad, Director General of Fisheries Department, Ministry of Fisheries, Marine Resources and Agriculture Panelists: Dr. Hussain Rasheed Hassan, Minister of Fisheries, Marine Resources and Agriculture Mr. Abdul Wahid, Chief Executive Officer, ENSIS Fisheries Pvt Ltd Ms. Ibthishama Ahmed Saeed, Chief Executive Officer & Managing Director, Maldives Finance and Leasing Company
Moderator: Mr. Shaun Shareef, Chief Internal Auditor, Maldives Industrial Fisheries Company Ltd

14:20 - 15:10

Panel Discussion on Future of SME Sector in the Maldives

Panelists: Mr. Ahmed Zeenaadh, Managing Director, SME Development Finance Corporation Ms. Fathmath Fazleena, Managing Director, Business Center Corporation Ms. Fathimath Reesha, Director, Vaalan Maldives Pvt Ltd
Moderator: Mr. Ali Faris Mohamed, Managing Partner, Faris&Co LLP

15:15 - 16:05

Panel Discussion on Tax Reform Agenda

Panelists: Mr. Ahmed Saruvash Adam, Chief Financial Budget Executive, Ministry of Finance Mr. CMA P Raju Iyer, President, Institute of Cost Accountants of India Mr. Abdulla Husam Shareef, Partner & Senior Tax Advisor, CTL Strategies
Moderator: Mr. Ahmed Ali, Vice - Chairperson, Tax & Public Policy Committee, CA Maldives

16:10 - 16:40

Leadership Session on "Growth Opportunities Available in a Digital Economy"

Mr. Kiruba Shankar, Professor of Digital Marketing

16:45 - 16:50

Token of Appreciation to MAF Logo Design

16:50 - 17:00

Key Takeaways of the Forum

Mr. Ahmed Salih, Council Member, CA Maldives

17:00 - 17:10