Qasim Ibrahim

In 1969, Ibrahim began work as a clerk at the government hospital in Malé. In 1973, he left the hospital to work as a manager at M/S Alia Furniture Mart. He also worked temporarily for Crescent, a government trading organization.{{cite web |date=19 February 2003 |title=Founder's Biography |url=http://www.villa.mv/aboutus/founders-biography.html |url-status=dead |archive-url=https://web.archive.org/web/20090908090144/http://www.villa.mv/aboutus/founders-biography.html |archive-date=8 September 2009 |access-date= |website=Villa Group}}

In 1974, Ibrahim joined an outlet of the Maldivian government's BoduStore, now known as the State Trading Organization. Two years later, in 1976, he set up his own trading business in commodities such as rice, tobacco, diesel, and kerosene, which proved to be profitable. The business experienced rapid growth. He later expanded his business with a small loan of US$2,000 from State Bank of India (SBI), which is still his primary banker.{{citation needed|date=December 2020}}

After four years, Ibrahim was able to purchase his first shipping vessel, an old fishing boat converted to carry cargo and oil, to facilitate oil imports. By 14 April 1986, Ibrahim's business was registered under the name of Villa Shipping and Trading Company Limited (Villa). Since then, the company has diversified its business, gaining a substantial market share in diverse Maldivian industries including tourism, transport, construction, manufacturing, gas, the cement trade, and media/communication as well as general trading as the sole Maldivian distributor of international products. Shell and Agfa are among the brand names represented by Villa in the Maldives.

File:Maamigili International Airport.JPG]]

The shareholders of the holding company, Villa Shipping & Trading Company Private Limited (VSTC) are Qasim Ibrahim and one of his wife, Rabia Hussain, who respectively hold 95% and 5% of the company's shares. For strategic reasons, Villa Shipping (Singapore) Pte Limited was incorporated in Singapore on 19 December 1991 as a subsidiary of Villa. The capital paid upfront by Villa Shipping (Singapore) now stands at $500,000.{{cite web|url=http://www.villa.mv/industries.html |title=Industries – Villa – The Leading Business Initiative in Maldives |publisher=Villa.mv |access-date=21 May 2012}}

On 14 July 1995, with the primary objective of promoting Villa resorts, Villa Holidays Touristik GmbH opened in Frankfurt, Germany and was incorporated with a paid-upfront-capital of DM 499,999. The company acts as a wholesaler of holiday vacation packages to the Maldives, an agent for sales of hotel rooms and air tickets, and as an international vehicle for acquiring and trading tourism related properties and real estate such as hotels and resorts. It has since become a major subsidiary promoting the group's own resorts Fun Island, Paradise Island, Sun Island, Holiday Island and Royal Island.{{cite web |title=Resort Locations |url=https://villaresorts.com/locations/ |access-date=4 August 2024 |website=Villa Resorts}}

Villa Hotels, Tokyo and Villa Hotels, Hong Kong were established in 2001 and 2002 respectively.

Ibrahim has also funded many infrastructure projects in several islands across the archipelago, most notably in constructing new harbors, schools and mosques. He is currently working on setting up a fully-operational General Hospital on Maamigili Island, which will feature the first dedicated cancer treatment facility in the country.

File:Signing of MOU for the Master Plan For Maamigili General Hospital.JPG

Ibrahim was first elected as a Member of the Maldivian Parliament in 1989. In addition, he has held and still holds various other posts in a number of government committees and regional trade bodies, including:

• Presidential Candidate of the Jumhooree Party – 7 September 2013
• President of the Judicial Services Commission (JSC)
• Member of Parliament
• Minister of Home Affairs{{Cite web |title=Gasim Ibrahim |url=https://mohst.gov.mv/ministry/former/29 |access-date=4 August 2024 |website=Ministry of Homeland Security and Technology (Maldives)}}
• Presidential Candidate of the Jumhooree Party – October 2008 elections
• Leader of the Jumhooree Party : 2008 –
• Governor of the Central Bank of Maldives – July 2005 to July 2008
• Minister of Finance – July 2005 to July 2008 {{Cite web |title=History |url=https://www.finance.gov.mv/ministry/history |access-date=4 August 2024 |website=Ministry of Finance (Maldives)}}
• Governor of Maldives Monetary Authority : 2005 – 2007{{Cite web |title=Past Governors & Vice Governors |url=https://www.mma.gov.mv/#/about/history/governors&vicegovernors |access-date=4 August 2024 |website=Maldives Monetary Authority}}
• Board member of the Bank of Maldives
• Board member of the Maldives Ports Authority (Government Appointment)
• Vice-President of the Maldives Association of Tourism Industry (MATI)
• President of the Maldives National Chamber of Commerce and Industry (MNCCI)
• President of the SAARC Chamber of Commerce and Industry

He resigned from his posts as the Minister of Finance and Treasury and as the Deputy Leader of the Dhivehi Rayyithunge Party (DRP) on 10 July 2008 to run in the first multi-party presidential elections in October 2008 as the candidate for the Jumhooree Party.{{Cite news |date=14 July 2008 |title=Qasim quits DRP |url=http://www.miadhu.com/2008/07/local-news/qasim-quits-drp-7083/ |url-status=dead |archive-url=https://web.archive.org/web/20120316152301/http://www.miadhu.com/2008/07/local-news/qasim-quits-drp-7083/ |archive-date=16 March 2012 |work=Miadhu News}}{{cite web |title=Deputy Leader of DRP resigns from the party |url=http://doreview.blogspot.com/2008/07/deputy-leader-of-drp-resigns-from-party.html |access-date=4 August 2024 |website=Dhivehi Observer}}

Ibrahim joined the MDP-led coalition in the second round of the elections and helped Mohamed Nasheed secure a historic victory and bring an end to the thirty-year rule of Maumoon Abdul Gayoom. Ibrahim initially joined President Nasheed's government as Minister for Home Affairs but resigned 20 days later,{{Cite news |date=7 December 2009 |title=Resignation not shameful – Gasim |url=http://www.miadhu.com/2008/12/local-news/resignation-not-shameful-gasim-8650/ |url-status=dead |archive-url=https://web.archive.org/web/20120302192409/http://www.miadhu.com/2008/12/local-news/resignation-not-shameful-gasim-8650/ |archive-date=2 March 2012 |work=Miadhu News}} citing his dislike of President Nasheed's privatization policies. He became vocally opposed to Nasheed's government and was accused of having funded the anti-Nasheed protests that began in early 2012 that ultimately led to Nasheed's resignation after pressure from police and the army on 7 February 2012.

In 2023, Qasim Ibrahim was selected as the presidential primary for the Jumhooree Party to contest for the 2023 Maldivian presidential election.{{Cite news |date=10 June 2023 |title=JP awards presidential ticket to Qasim |url=https://psmnews.mv/en/122212 |access-date=4 August 2024 |work=PSM News}} This time, the Jumhooree Party ran without a coalition, marking the first time.{{Cite news |last=Abdulla |first=Lamya |date=16 March 2023 |title=JP announces to run in the presidential election separately |url=https://edition.mv/features/27422 |access-date=4 August 2024 |work=The Edition}} Qasim selected his running mate as Ameen Ibrahim.{{Cite news |date=7 August 2023 |title=Qasim appoints Ameen Ibrahim as running mate |url=https://www.psmnews.mv/en/124439 |access-date=4 July 2024 |work=PSM News}} At the election day, Qasim received 5460 votes and didn't qualify for the runoff election.{{Cite news |date=12 November 2023 |title=2023 ސެޕްޓެންބަރު 9 ވީ ހޮނިހިރު ދުވަހު ބޭއްވި ރިޔާސީ އިންތިޚާބުގެ ރަސްމީ ނަތީޖާ |trans-title=Presidential election results that took place on Saturday 9 September 2023 |url=https://www.gazette.gov.mv/iulaan/257345 |access-date=4 August 2024 |work=Maldives Government Gazette |language=dv |agency=Elections Commission (Maldives)}} Senior members of JP has expressed support for President Solih during the runoff election.{{Cite news |date=24 September 2023 |title=Senior JP members pledge support for President Solih |url=https://psmnews.mv/en/126488 |access-date=4 August 2024 |work=PSM News}}

In 2024, Qasim was the only member from his party to get a spot in the 2024 Maldivian parliamentary election.{{Cite web |date=29 April 2024 |title=What does Maldives’ parliament elections mean for India and China? |url=https://www.orfonline.org/expert-speak/what-does-maldives-parliament-elections-mean-for-india-and-china |access-date=10 August 2024 |website=Observer Research Foundation}}

Ibrahim has been imprisoned for political reasons both during Gayoom's regime as well as Nasheed's brief reign. He was arrested in 2009 on suspicion that he was bribing MPs to vote against the government of President Nasheed. He was later released without charge.{{cite web |title=(Hon) Qasim Ibrahim (MP) has been taken to Dhoonidhoo Detaining Centre |url=http://www.maldivestoday.com/2010/06/29/hon-qasim-ibrahim-taken-to-dhoonidhoo-detaining-centre/ |url-status=dead |archive-url=https://web.archive.org/web/20120422035428/http://www.maldivestoday.com/2010/06/29/hon-qasim-ibrahim-taken-to-dhoonidhoo-detaining-centre/ |archive-date=22 April 2012 |access-date=21 May 2012 |website=Maldives Today |publisher=Maldivestoday.com}} He is currently representing the Maamigili Constituency in the Maldives Parliament.{{Cite news |date=2 October 2011 |title=Maamigili MP opens first private airport with personal airline Flyme |url=https://minivannewsarchive.com/news-in-brief/maamigili-mp-opens-first-private-airport-with-personal-airline-flyme-26370 |access-date=4 August 2024 |work=Minivan News |via=Minivan News Archive}}

Qasim Ibrahim was arrested for speaking against the government on rally held by the Maldives United Opposition.{{Cite news |last=Anees |first=Shan |date=22 April 2017 |title=Qasim Ibrahim's arrest is a move to assault him: Jumhooree Party |url=https://raajje.mv/8913 |access-date=4 August 2024 |work=Raajje TV}} He was accused of leading a failed bid in March to impeach Speaker Abdulla Maseeh Mohamed, a close ally of president Abdulla Yameen.{{Cite news |last=Shaahunaz |first=Fathmath |date=21 April 2017 |title=Jumhoory Party leader again arrested under court order |url=https://edition.mv/news/2994 |access-date=4 August 2024 |work=The Edition}}

In September 2008, the Auditor General of the Maldives submitted a report to the People's Majlis which was published on the website of the Auditor General's office. It stated that the Villa Group had been found to be involved in the illicit trading of shares.{{Cite news |date=23 September 2008 |title=Auditor General wants to prosecute people involved in MTDC fraud |url=http://www.miadhu.com/2008/09/local-news/auditor-general-wants-to-prosecute-people-involved-in-mtdc-fraud-7886/ |url-status=dead |archive-url=https://web.archive.org/web/20141004114243/http://www.miadhu.com/2008/09/local-news/auditor-general-wants-to-prosecute-people-involved-in-mtdc-fraud-7886/ |archive-date=4 October 2014 |work=Miadhu News}}

In July 2010, State Minister of Finance Ahmed Assad stated in a President's Office Press Briefing that Maldives was facing hurdles in borrowing money internationally because of a specific Majlis member who was borrowing large sums of money and lowering the country's credit rating. It was stated that this Member has made a request to the government to give him a ‘letter of no objection’ to borrow another large sum. Though the Minister refused to name the Majlis member at the conference, it was widely assumed in the Maldivian media that the Majlis member in question was Qasim Ibrahim.{{Cite news |last=Abdulla |first=A. R. |date=2 July 2010 |title=Single private borrower lowers Maldives credit rating, and wants to borrow more: Assad |url=http://minivannews.com/politics/single-private-borrower-lowers-maldives-credit-rating-assad-8832 |url-status=dead |archive-url=https://web.archive.org/web/20100709181346/http://minivannews.com/politics/single-private-borrower-lowers-maldives-credit-rating-assad-8832 |archive-date=9 July 2010 |access-date=21 August 2013 |work=Minivan News}}

In February 2013, Qasim Ibrahim, as the Parliament's representative to the Judicial Service Commission (JSC), accused UN Special Rapporteur on Independence of Judges and Lawyers Gabriela Knaul of lying and joking about the state of the Maldivian judiciary system. Knaul's statements highlighted that the JSC – mandated with the appointment, transfer and removal of judges – was unable to perform its constitutional duty adequately in its current form. Her comment was among a number of preliminary observations on the Maldives’ judiciary and wider legal system following an eight-day fact-finding mission.{{Cite news |last=Naahee |first=Mohamed |date=27 February 2013 |title=JSC member/presidential candidate Gasim Ibrahim accuses UN Special Rapporteur of lying, joking |url=http://minivannews.com/politics/jsc-memberpresidential-candidate-gasim-ibrahim-accuses-un-special-rapporteur-of-lying-joking-53790 |url-status=dead |archive-url=https://web.archive.org/web/20130512052144/http://minivannews.com/politics/jsc-memberpresidential-candidate-gasim-ibrahim-accuses-un-special-rapporteur-of-lying-joking-53790 |archive-date=12 May 2013 |work=Minivan News}}

While Qasim Ibrahim was Finance Minister, there were rumors regarding the nature of the European Investment Bank's (EIB) investment in Maldivian tourism. The European Investment Bank had invested {{Currency|50 million|Euro}} to support the development of tourism after the 2004 Indian Ocean tsunami. According to the ECD in Colombo, there was no co-ordination between the EIB and the ECD during the design stage of the loans. Only after the ECD reported indications of misuse of money to EIB were some consultations held. Overall co-ordination between EIB and ECD is very limited.{{Cite web |date=28 November 2010 |title=Country Level Evaluation - Maldives |url=http://www.oecd.org/countries/maldives/47234192.pdf |url-status=dead |archive-url=https://web.archive.org/web/20121012075359/http://www.oecd.org/countries/maldives/47234192.pdf |archive-date=12 October 2012 |website=OECD}}

{{Reflist|33em}}

{{commons category}}

• [http://www.villa.com.mv/ The Official Website Of Villa Group]
• [https://www.facebook.com/qaasimibrahim/ Official Facebook Page]
• [https://twitter.com/qasimibrahim/ Official Twitter account]

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Category:Maldivian businesspeople

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Category:Members of the People's Majlis

Category:People from Malé

Category:1951 births

Category:Candidates for President of the Maldives

Category:Candidates in the 2023 Maldivian presidential election

Category:Leaders of the Maldivian Democratic Party