Asif Ibrahim is the Vice Chairman of Newage Group of Industries, a business house involved in manufacturing and exporting of readymade garments, textiles and plastic products from Bangladesh employing 10,000 personnel. He is recognized as a CIP (Commercially Important Person) by the government of Bangladesh.

Asif Ibrahim is the Chairman of Chittagong Stock Exchange (CSE). He is a former President (2011-2012) of Dhaka Chamber of Commerce and Industry (DCCI) & founder Chairman of Business Initiative Leading Development (BUILD), a Public Private Dialogue platform to enable policy reforms for an improved investment climate in Bangladesh.

He is a director of Bangladesh Garments Manufacturers and Exporters Association (BGMEA) holding the responsibility of all sustainability projects of BGMEA. He is also one of the conveners of Resurgent Bangladesh, a platform to help develop policies for Bangladesh to overcome the economic impacts of the covid crisis.

He is an Executive Council member of UNESCAP Sustainable Business Network (ESBN) and co-ordinates several projects in the region particularly on deep sea tsunami monitoring and carbon reduction in the textiles sector.

Asif Ibrahim is a member of the Board of Advisers of BRAC Business School under BRAC University. He is also a core committee member of the Citizens' Platform for SDGs Bangladesh representing the private sector. He also served as the President of Bangladesh Professional Golfer's Association (BPGA).

He served as a board member of Federation of Bangladesh Chamber of Commerce and Industry (2012-2015) and was the Chairman of the Privatization Standing Committee of FBCCI. He was also a member of the Executive Committee of Bangladesh Employers' Federation (BEF).

Asif Ibrahim was a Director of Bangladesh Philippines Chamber of Commerce and Industry (BPCCI) and Bangladesh Thai Chamber of Commerce and Industry (BTCCI). He has also been in the Board of France Bangladesh Chamber of Commerce and Industry (CCIFB).