President Muizzu Discloses Annual Assets and Income in Constitutional Financial Statement

President Dr Mohamed Muizzu has published his annual financial disclosure, fulfilling the mandatory requirement set forth under Article 120 of the Constitution. The disclosure, submitted to the Auditor General’s Office, provides a detailed account of the President's assets, income, liabilities, and business interests over the past year. According to the submitted statement, the President's income for the last six months included a salary equivalent to USD 18,484. In addition to his official earnings, he reported rental income of USD 15,564 from a rowhouse located in Hulhumalé and received family donations totaling USD 11,673. The financial breakdown reveals a diversified banking portfolio. The President holds a current account at the Bank of Maldives (BML) with a balance equivalent to USD 11,987, while his BML savings account contains USD 110,342. A smaller savings account at the Maldives Islamic Bank (MIB) holds USD 65. Regarding liabilities, the disclosure lists an outstanding loan or debt amounting to USD 85,555, owed to the Maldives Finance and Leasing Company (MFLC). President Muizzu's declared real estate assets include several properties: M. Dhimyath in the capital city of Malé, Amber Terrace 2 in Hulhumalé, Dhimyath in Vashafaru, Haa Alif Atoll, and M. Fig. He also declared ownership of a vehicle with an estimated value of USD 16,861. This annual disclosure is a cornerstone of constitutional transparency, ensuring that the highest office in the land remains accountable to the public through the independent oversight of the Auditor General.