As the chairman and founder of the Villa Group, he is one of the country's wealthiest businessmen, with a net worth of around MVR 18 billion.
[2] 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.
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.
In addition, he has held and still holds various other posts in a number of government committees and regional trade bodies, including: 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.
[8][9] 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.
[21] 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.
[22] 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.