leadership
Our Partners
Meet the experienced professionals leading MHPA's commitment to excellence.
As the Managing Partner of MHPA LLP and a visionary leader in the Maldivian financial sector, Rifaath Jaleel brings close to 30 years of distinguished experience across public and private domains. A pioneering figure in the Maldivian accounting and finance landscape, he continues to shape the industry through his leadership at MHPA and his contributions to national regulatory frameworks.
Professional Background
Rifaath is a qualified full member of CPA Australia, the Institute Chartered Accountants of Maldives, The Royal Institute Chartered Valuers (UK) and holds a Bachelor of Business (Accounting) with a minor in Business Management from Charles Sturt University, Australia. He is a Licensed Auditor and a prominent member of the Institute of Chartered Accountants of the Maldives (CA Maldives). Notably, he is past member of the council of CA Maldives and played a key role in the development of the national financial infrastructure as a member of the committee that drafted the Valuation Regulations for CA Maldives, cementing his status as a leading authority in valuation and financial reporting.
Key Leadership & Advisory Roles
Throughout his career, Rifaath has been a pillar of corporate governance and strategic advisory:
First National Finance Corporation:
Serving as a co-founder and Chairman, he drives the strategic vision of the corporation, focusing on investment banking, capital market development, and fund management. He is also a licensed stockbroker.
Corporate Governance:
Previously served as the Chairman of the Maldives Finance Leasing Company (MFLC) and as a Director on the Board of the Capital Market Development Authority (CMDA).
Regulatory Contribution:
Past member of the Government’s Tax Reform Commission, Past President of the Certified Practicing Accountants of Maldives (CPA Maldives) and a key contributor to the gazetting of national Valuation Regulations.
Academic & Strategic Advisory:
Member of the Faculty Advisory Committee for the Maldives National University’s Business School and a trusted advisor to numerous State-Owned Enterprises (SOEs) and over 150 private sector businesses.
Expertise & Vision
With a career spanning 3 decades of private practice and high-level consultancy, he has also spearheaded a vast array of consultancy projects for the government and private entities alike. He provides our firm and our clients with a wealth of technical knowledge, ensuring that every engagement is met with the highest standards of professional integrity and local insight.
Rifaath specializes in tourism and fisheries sector financial feasibility studies, foreign investment advisory, valuation, and capital market strategy. His unique blend of technical mastery in advisory, accounting, finance and hands-on investment experience ensures that every engagement is met with the highest standards of professional integrity and local insight.
Mr. Saffan Ahmed is a Partner at the firm, bringing over two decades of specialized experience in auditing, finance management, and quality assurance. As a Fellow Member of the Association of Chartered Certified Accountants (FCCA, UK), he represents the highest level of professional achievement within the global accounting body.
Professional Background
With a career spanning since 2001, Mr. Saffan has held pivotal roles across diverse financial sectors:
Audit & Quality Assurance:
Currently serves as a Quality Reviewer and Training Consultant at MHPA LLP, following a tenure as Director of Audit and Other Assurance Engagements.
Corporate Finance:
Previously served as Manager of Finance for the Samann Group of Companies.
Banking & Internal Audit:
Gained significant institutional experience as a Junior Officer in Internal Audit at the Bank of Maldives Plc.
Taxation:
He is a MIRA Licensed Tax Agent, providing him with a comprehensive understanding of the Maldivian tax landscape.
Notable Projects & Expertise
Mr. Saffan has served as the Engagement Quality Reviewer for numerous high-profile Public Interest Entities (PIEs) and IFRS/SME audits, ensuring the highest standards of compliance and accuracy:
Public Interest Entities:
Lead quality reviews for major state-linked organizations including Maldives Post Limited (2021-2022), Aasandha Company Limited (2021-2022), and Tradenet Maldives Corporation Limited (2021).
Financial Institutions:
Managed quality reviews for the Bank of Maldives Custodial Accounts for three consecutive years (2021-2023).
Regulatory & Hospitality:
Overseen audits for the Capital Market Development Authority (CMDA), the Cricket Board of Maldives, and luxury resort holdings such as W Maldives and Sheraton.
Mr. Saffan's dual expertise in rigorous quality control and practical financial management makes him a vital asset to our partnership, ensuring our clients receive world-class assurance and advisory services.
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