The financial statements of the presidential candidates published by the Elections Commission of the Maldives (ECM) has shown that Qasim Ibrahim, Mohamed Nazim, and Ibrahim Mohamed Solih spent the most on their campaigns.
Eight candidates ran in the 2023 presidential election and they were allowed to spend a maximum of USD37 million on their campaign. The financial statements show that the candidate of Jumhooree Party (JP) Qasim Ibrahim received the most donations, with USD973,000. Qasim received funds from various sources and also used USD6,500 of his own money for the campaign. He also received USD337,000 in assets, resulting in USD1.3 million spent on the campaign.
Mohamed Nazim, the candidate of the Maldives National Party (MNP), received the second highest in donations, with USD798,000. Nazim received USD383,000 from legal entities and USD409,000 from individuals. He used USD47,000 of his own money for the campaign and did not receive any assets, resulting in USD843,000 spent on the campaign.
Former President Ibrahim Mohamed Solih, the candidate of the Maldivian Democratic Party (MDP), received the third highest in donations, with USD448,000. He received USD318,000 from legal entities and USD130,000 from individuals. He did not use his own money to fund the campaign and received USD227,000 in assets. He spent USD441,000 on the campaign.
Ilyas Labeeb, the candidate of The Democrats, received the fourth highest in donations, with USD156,000, all from individuals. He used USD4,000 of his own money to fund the campaign and received no assets, resulting in USD160,000 spent on the campaign.
Incumbent President Dr. Mohamed Muizzu, the candidate of the People's National Congress (PNC), received the fifth highest in donations, with USD136,000. He received USD130,000 from legal entities and USD7,500 from individuals. He did not use his own money to fund the campaign and received USD78,000 in assets. He spent USD123,000 on the campaign.
Independent candidate Faris Maumoon received USD58,000 in donations, all from individuals. He used USD17,000 of his own money to fund the campaign and received no assets, resulting in USD71,000 spent on the campaign.
Independent candidate Hassan Zameel received USD357 in donations, all of which were from individuals. He also used USD649 of his own money to fund the campaign and received USD713 in assets, resulting in USD1,700 spent on the campaign.
Independent candidate Umar Naseer received USD65 in donations from individuals and used USD19,000 of his own money. He also received USD2,300 in assets, resulting in USD22,000 spent on the campaign.