Taleem School Sarmaya Islamic (TSS - Islamic)

For Working capital needs between Rs. 50,000 to Rs. 5,000,000:

Every Educational Institution (EI) faces the challenge of meeting its daily cash flow needs effectively and continues to make efforts on improving its infrastructure to make the environment conducive for best learning outcomes. The TSS-Islamic product enables an EI Owner to plan these expenses by providing easy access to appropriate funding on the basis of Shariah Principles so that the desired improvements are undertaken most effectively.

Product Features:

* Streamlining of monthly cash flows related to salaries, rents and other day to day expenses or repair and renovation of EI building according to Sales and Lease Back principles of Islamic Financing.

* Any Capital Expenditure like purchase of land for EI, setting up of a new branch, major improvements in the infrastructure, construction of EI building that would positively impact the quality of education of the EI or installation of solar panels for preserving energy and decreasing utility expense of EI according to Diminishing Masharakah principles of Islamic Financing.

* Any other working capital streamlining or minor capital expenditure which would improve the infra-structure and quality of education of the EI i.e. purchase of furniture (e.g. chairs, benches or desks), library books, laboratory equipment, computers, smart boards, laptops, or tablets, and Replacement of old and worn out electrical fittings, electrical wires, sanitary wires and pipes, doors/windows, roofing works, etc. according to Murabaha principles of Islamic Financing.