1. Executive Summary
The period spanning June 2025 through April 2026 represents a historic maturation phase for Pusat Didikan Al-Istiqamah. The organization successfully transitioned from an unlicensed entity to a fully compliant, legally registered educational institution recognized by both JAIS and the Ministry of Education (KPM).
While this regulatory milestone unlocked new avenues for corporate sponsorships, software cost optimization, and improved corporate governance, the company concurrently navigated substantial external pressures. These include aggressive, unregulated market competition impacting new enrollments, and initial capital constraints at the Taman Permata branch. Through decisive administrative restructuring, strategic cash flow management via the Seedflex financing facility, the divestment of non-core transport assets, and an aggressive push for enrollments—which resulted in a highly successful turnaround at the Taman Permata branch—the management team has successfully stabilized operations and laid a robust foundation for long-term sustainability.
2. Current Business Updates
2.1. Regulatory Compliance & Governance
- Official JAIS Registration: On June 20, 2025, Sekolah Rendah Islam Integrasi (SRII) Al-Istiqamah officially secured its registration with JAIS (Registration No: 11S(9)18/115, School Code: BJJ7044).
- KPM APDM Integration: Following JAIS approval, the school successfully registered with the APDM KPM system on July 29, 2025, and initiated the opening of an official school bank account.
- Tax Exemption Status: Confirmed on June 26, 2025, that the institution is officially exempt from the 8% SST mandate, as individual student fee collections remain below the RM 60,000 annual threshold.
- Pending Licensing: The Istiqamah Kids Kindergarten branches (Ukay Perdana and Taman Permata) are actively undergoing the regulatory process to secure their respective operational licenses.
2.2. Human Resources Restructuring
- Following a contract miscommunication with a former teacher at the Taman Permata branch that led to a Jabatan Tenaga Kerja (JTK) inquiry, the JTK classified the case as "No Further Action" (NFA), validating the company’s strict adherence to its "contract for service" terms.
- Strategic Pivot: To mitigate future employment risks and professionalize operations, management established a new subsidiary company, Istiqamah Talents Solutions (Reg: 202503171274 / IP0610494-T), dedicated exclusively to managing staff contracts and HR-related matters.
2.3. Student Enrollment & Retention Analysis (2025 vs. 2026)
A critical review of year-over-year student enrollment demonstrates strong brand loyalty and a successful recovery at our expansion branch.
| Branch |
2025 Peak Enrollment |
Dec 2025 Year-End |
2026 Active Enrollment |
Trend Analysis |
| SRII Al-Istiqamah |
92 |
72 (20 transitioned) |
72 |
Stable: Retained baseline enrollment despite severe competitor pricing threats. |
| Tadika Ukay Perdana |
17 |
15 (2 transitioned) |
16 |
Consistent: Intentional capacity management pending final license approvals. |
| Tadika Taman Permata |
9 |
6 (3 transitioned) |
19 |
High Growth: Exceptional recovery (+216% from year-end), validating market demand and expansion strategy. |
2.4. Operational Milestones & Technological Advancements
- Athletic Excellence: SRII Al-Istiqamah secured the title of Overall Champion in the 2025 Annual Sports Day, significantly boosting school morale and brand prestige.
- Cost Optimization: Transitioning to "Google for Education" and "Canva for Education" at zero cost yielded an annual operational savings of RM 1,090.20 starting December 2025.
- Mutabaah Amal System: A proprietary digital tracking system to enhance student and teacher performance monitoring is currently in development, scheduled for deployment in April 2026.
2.5. Asset Restructuring & Fleet Management
- Strategic Outsourcing: Starting in 2026, the company formally terminated its internal school bus services, outsourcing this operation to a third-party provider. This strategic pivot eliminates escalating fuel and maintenance overheads and refocuses resources strictly on our core educational mandate.
- Fleet Downsizing: As a result of this pivot, one school van was successfully sold, injecting RM 11,000 in cash flow back into the business. The remaining van (Plate No: VDQ8144) has been retained strictly for limited operational use (Friday congregational prayers, 4 times a month).
2.6. Administrative Setbacks & Ongoing Actions
- JAKIM Grant Disqualification: An application for the JAKIM annual school maintenance grant was rejected in March 2026 due to an undisclosed prerequisite requiring a minimum of 25 Standard 1 students per class.
- Vendor Dispute (CTOS): Management is actively pursuing the reimbursement of an RM 1,500 deposit and the reversal of two months of unauthorized fee deductions following the November 2025 contract termination.
3. Market Competition & Risk Management
3.1. Unregulated Competitor Threat (SRITI Al-Falah)
- An unregistered competitor, SRITI Al-Falah, opened within a 243-meter radius of the Ukay Perdana HQ, directly violating the JAIS minimum 500-meter zoning requirement for Islamic schools.
- Operating without legal compliance overheads, this entity has engaged in predatory pricing (RM 400 monthly fees), acting as the primary barrier to growth for our Standard 1 intake (currently at 8 students).
- Mitigation Action: Management submitted a surat bantahan rasmi (official objection letter) to JAIS. Maintaining 72 active students at SRII in the face of this threat highlights the strong trust parents place in our legally compliant status.
4. Financial Report (June 2025 – April 2026)
4.1. Fee Collection & Cost Control Analysis
A year-over-year review of fee collection dynamics demonstrates that despite external enrollment pressures and a reduction in total students, the core billing baseline for active students remains stable, with management maintaining strict control over receivables.
Table 4.1A: 2025 Full Year Record (January - December)
| Month |
Pusat Didikan |
SRII Al-Istiqamah |
IK Ukay Perdana |
IK Taman Permata |
| Collected (RM) |
Arrears (RM) |
Collected (RM) |
Arrears (RM) |
Collected (RM) |
Arrears (RM) |
Collected (RM) |
Arrears (RM) |
| January | 200.00 | 0.00 | 34,042.53 | 2,152.00 | 14,840.00 | 0.00 | 4,391.00 | 0.00 |
| February | 3,395.00 | 0.00 | 109,437.87 | 2,217.00 | 3,970.00 | 600.00 | 2,067.00 | 0.00 |
| March | 6,694.00 | 0.00 | 34,082.00 | 0.00 | 5,703.00 | 0.00 | 4,747.00 | 0.00 |
| April | 4,434.00 | 0.00 | 31,729.00 | 0.00 | 4,826.00 | 0.00 | 2,210.00 | 0.00 |
| May | 5,234.00 | 0.00 | 29,697.50 | 0.00 | 4,826.00 | 0.00 | 3,507.00 | 477.00 |
| June | 8,789.00 | 0.00 | 31,592.32 | 0.00 | 6,423.00 | 0.00 | 2,680.00 | 0.00 |
| July | 5,254.00 | 0.00 | 30,862.00 | 0.00 | 5,156.00 | 0.00 | 2,210.00 | 0.00 |
| August | 4,672.00 | 0.00 | 30,191.00 | 400.00 | 4,826.00 | 0.00 | 2,210.00 | 0.00 |
| September | 13,711.00 | 0.00 | 29,610.23 | 400.00 | 4,826.00 | 0.00 | 2,210.00 | 0.00 |
| October | 7,624.00 | 0.00 | 29,215.00 | 1,240.00 | 4,826.00 | 0.00 | 2,680.00 | 0.00 |
| November | 12,839.00 | 225.00 | 27,866.00 | 840.00 | 4,826.00 | 0.00 | 2,480.00 | 200.00 |
| December | 6,524.00 | 540.00 | 27,599.00 | 840.00 | 4,826.00 | 0.00 | 2,680.00 | 0.00 |
Table 4.1B: 2026 First Quarter Record (January - March)
| Month |
Pusat Didikan |
SRII Al-Istiqamah |
IK Ukay Perdana |
IK Taman Permata |
| Collected (RM) |
Arrears (RM) |
Collected (RM) |
Arrears (RM) |
Collected (RM) |
Arrears (RM) |
Collected (RM) |
Arrears (RM) |
| January | 3,730.00 | 2,750.00 | 102,156.00 | 13,941.00 | 12,526.96 | 4,955.52 | 19,936.07 | 705.00 |
| February | 1,680.00 | 0.00 | 26,880.00 | 860.00 | 6,569.00 | 0.00 | 8,801.00 | 400.00 |
| March | 1,400.00 | 280.00 | 23,314.00 | 2,620.00 | 4,889.00 | 1,239.00 | 7,192.00 | 2,019.00 |
Strategic Financial Commentary:
- Recontextualizing Q1 Revenue Spikes: The substantial revenue influx observed at the beginning of the academic year (e.g., Feb 2025, Jan 2026, particularly at SRII Al-Istiqamah) is not pure operational profit. A significant portion represents pass-through income collected for specific deliverables (textbooks, school uniforms) and earmarked capital for annual facility upgrades.
- The CBA Strategy (Cap Budget Amount): To ensure the company remains solvent during the leaner mid-year months, management has successfully deployed a strict Cap Budget Amount (CBA) policy for variable expenses. For instance, HQ electricity (TNB) is strictly capped at RM 3,000 monthly. This defensive strategy forces operational discipline and provides predictable mid-year cash flow projections.
- Arrears Management & Mitigation: Outstanding fees, particularly at SRII in early 2026, show an increase (RM 13,941 in January). Management is prioritizing the recovery of these trapped funds through the imminent rollout of the Mutabaah Amal System and stricter HR/Admin follow-ups.
4.2. Capital Assets & Gold Reserves
As part of long-term wealth preservation and asset management, the company maintains the following physical reserves and has instituted a forward-looking strategy to hedge against fiat inflation:
- Asset Disposal: Divestment of the surplus school van generated an RM 11,000 capital injection.
- Current Physical Gold Reserves (999.99 Purity):
- HQ (Pusat Didikan Al-Istiqamah): 14.5g
- Taman Permata Branch: 1.0g
- Future Wealth Preservation Strategy: Moving forward into 2026, the company will systematically purchase a minimum of 1.0g of 999.99 purity gold for the HQ, and 0.5g for the Taman Permata branch each month via a Dollar-Cost Averaging strategy.
4.3. Overhead Adjustments & Grants
- Rental Escalation: Effective January 2026, the base premises rental experienced a marginal increase from RM 8,300 to RM 8,500 monthly.
- Azhar Care NGO: Provided RM 3,500 for sports/visits (June 2025) and committed to a RM 3,000 monthly grant (active since Aug 2025) to subsidize two teachers' salaries.
- Infrastructure & Zakat Grants: Secured RM 3,000 from Zakat SSM (Feb 2026) for a student locker project, and received RM 1,000 from Affin Bank Zakat.
4.4. Active Financing & Term Liabilities
4.4.1. Revenue-Based Financing (Seedflex)
A short-term facility utilized in June 2025. The following reflects the active dashboard state as of mid-April 2026, marking a highly successful 70% repayment completion.
| Seedflex Financing Summary |
Amount (RM) |
| Initial Capital Disbursed (Principal) | 20,500.00 |
| Total Repayment Obligation (Includes Platform Fee) | 21,859.00 |
| Total Auto-Debit Repayments to Date | 15,316.04 |
| Remaining Principal Liability (On Balance Sheet) | 6,136.17 |
4.4.2. Hire Purchase Facility (Public Bank)
The company maintains one active long-term Hire Purchase facility for the retained operational school van (Plate No: VDQ8144).
- Total Loan Facility: RM 62,612.70
- Current Outstanding Balance (As of April 2026): RM 17,994.47
- Monthly Installment: RM 580.00 (Automated via HQ Main Account on the 1st of every month to maintain perfect CCRIS rating).
- Maturity Date: 28 February 2029
4.5. Legacy Pandemic Liabilities & Private Equity
During the COVID-19 pandemic, the institution secured several private loans and equity investments to sustain operations. Management has maintained absolute transparency with all investors regarding recent operational struggles.
Strategic Restructuring Success: Through direct negotiations, the 30% hibah obligation for two primary creditors was successfully waived, converting the debts to Principal-Only. Additionally, the 30% hibah obligation for Encik Fazren has been fully honored and paid, demonstrating strong corporate integrity.
| Creditor / Investor |
Principal Amount |
Current Status & Renegotiated Terms |
| Muhammad Syafiq Kamil | RM 25,000.00 | Principal Only (30% Hibah waived via mutual agreement). Pending restructuring. |
| Nurul Izzah | RM 15,000.00 | Principal Only (30% Hibah waived via mutual agreement). Pending restructuring. |
| Muhammad Fazren | RM 20,000.00 | 30% Hibah successfully Paid in Full. Principal pending restructuring. |
| COVID Renovation Loan | RM 43,000.00 | Active. Serviced via RM 100.00 monthly autodebit (started 03 Dec 2024). |
| Ustaz Izwan (Private Equity) | RM 35,000.00 | Investment active under a 40% Profit Sharing agreement. |
| Puan Azeanty | RM 1,600.00 | Short-term advance. Pending restructuring. |
5. Strategic Debt Consolidation & Operational Sustainability
To honor the trust of early investors and systematically clear the legacy pandemic liabilities outlined in Section 4.5, management has formulated a definitive, three-pronged debt consolidation and cash flow optimization strategy to be executed throughout 2026.
5.1. Leveraging Zakat Amil Status for Operational Subsidies
Following successful JAIS and KPM registration, the institution is finalizing its registration as an official Amil Zakat under Lembaga Zakat Selangor. This status legally entitles the school to retain a 50% commission on collected Zakat funds. This newly established revenue stream will be directly injected to subsidize core operational expenses (OPEX). By drastically reducing the overhead burden, the net margin generated from standard student tuition fees will be significantly widened, allowing those funds to be aggressively redirected toward debt amortization.
5.2. Aggressive Acquisition of Corporate CSR Funds
With fully compliant, legal registration status secured, the institution is now eligible to receive formal Corporate Social Responsibility (CSR) grants. Management is actively initiating a campaign to apply for CSR funding from various Malaysian corporations. Similar to the Zakat strategy, securing external CSR funds to sustain monthly school operations will free up internal fee collections to maximize and accelerate loan repayments.
5.3. Commercial Debt Consolidation via Formal Audit
The ultimate strategic goal is to relieve the burden placed on the company's early, private investors—close associates who provided critical lifelines during the 2020 pandemic. To achieve this ethically and systematically, management has engaged Talhah & Co to produce a formal, LHDN-compliant audited financial report by June 2026.
Armed with this audited report, management intends to apply for a formal Business Debt Consolidation Loan, prioritizing our primary banking partner, CIMB Bank. Upon approval, these funds will be used to pay off all private lenders and legacy investors simultaneously in one lump sum. Moving forward, the company will focus solely on servicing a single, structured commercial loan with CIMB, capped at an estimated allocation of RM 4,000 per month, thereby stabilizing cash flow and fully honoring our commitments to our earliest supporters.
1. Ringkasan Eksekutif
Tempoh dari Jun 2025 hingga April 2026 merupakan fasa kematangan yang bersejarah bagi Pusat Didikan Al-Istiqamah. Organisasi ini telah berjaya beralih daripada entiti tidak berlesen kepada institusi pendidikan berdaftar yang sah di bawah pengiktirafan JAIS dan Kementerian Pendidikan Malaysia (KPM).
Walaupun pencapaian kawal selia ini membuka peluang baharu untuk tajaan korporat, pengoptimuman kos perisian, dan tadbir urus yang lebih baik, syarikat pada masa yang sama perlu menangani tekanan luaran yang besar. Ini termasuk persaingan pasaran agresif yang menjejaskan pendaftaran baharu, dan kekangan modal awal di cawangan Taman Permata. Melalui penstrukturan semula pentadbiran yang tegas, pengurusan aliran tunai strategik melalui fasiliti pembiayaan Seedflex, pelupusan aset pengangkutan bukan teras, dan dorongan agresif untuk pendaftaran—yang menghasilkan pemulihan cemerlang di cawangan Taman Permata—pihak pengurusan berjaya menstabilkan operasi dan membina asas yang kukuh untuk kelestarian jangka panjang.
2. Kemas Kini Perniagaan Semasa
2.1 Pematuhan Kawal Selia & Tadbir Urus
- Pendaftaran Rasmi JAIS: Pada 20 Jun 2025, Sekolah Rendah Islam Integrasi (SRII) Al-Istiqamah secara rasminya mendapat pendaftaran JAIS (No Pendaftaran: 11S(9)18/115, Kod Sekolah: BJJ7044).
- Integrasi APDM KPM: Susulan kelulusan JAIS, sekolah berjaya didaftarkan dengan sistem APDM KPM pada 29 Julai 2025, membolehkan pembukaan akaun bank rasmi sekolah.
- Status Pengecualian Cukai: Disahkan pada 26 Jun 2025 bahawa institusi dikecualikan daripada mandat SST 8%, memandangkan kutipan yuran pelajar individu kekal di bawah ambang tahunan RM 60,000.
- Pelesenan Dalam Proses: Cawangan tadika Istiqamah Kids (Ukay Perdana dan Taman Permata) sedang giat menjalani proses kawal selia untuk mendapatkan lesen operasi masing-masing.
2.2 Penstrukturan Semula Sumber Manusia
- Susulan salah faham kontrak dengan bekas guru di cawangan Taman Permata yang membawa kepada siasatan Jabatan Tenaga Kerja (JTK), JTK telah mengklasifikasikan kes tersebut sebagai "Tiada Tindakan Lanjut" (NFA), membuktikan syarikat mematuhi terma "kontrak untuk perkhidmatan" dengan tegas.
- Langkah Strategik: Untuk mengurangkan risiko pekerjaan pada masa hadapan dan memprofesionalkan operasi, pihak pengurusan menubuhkan syarikat anak baharu, Istiqamah Talents Solutions (Reg: 202503171274 / IP0610494-T), khusus untuk menguruskan kontrak kakitangan dan hal-hal berkaitan HR.
2.3 Analisis Pendaftaran & Pengekalan Pelajar (2025 vs 2026)
Semakan kritikal ke atas pendaftaran pelajar tahun demi tahun menunjukkan kesetiaan jenama yang kukuh dan pemulihan berjaya di cawangan pengembangan kami.
| Cawangan |
Kemuncak Pendaftaran 2025 |
Hujung Tahun Dis 2025 |
Pendaftaran Aktif 2026 |
Analisis Trend |
| SRII Al-Istiqamah |
92 |
72 (20 beralih) |
72 |
Stabil: Mengekalkan garis dasar pendaftaran walaupun berdepan ancaman harga pesaing yang teruk. |
| Tadika Ukay Perdana |
17 |
15 (2 beralih) |
16 |
Konsisten: Pengurusan kapasiti yang disengajakan sementara menunggu kelulusan lesen akhir. |
| Tadika Taman Permata |
9 |
6 (3 beralih) |
19 |
Pertumbuhan Tinggi: Pemulihan luar biasa (+216% dari hujung tahun), mengesahkan permintaan pasaran dan strategi pengembangan. |
2.4 Pencapaian Operasi & Kemajuan Teknologi
- Kecemerlangan Sukan: SRII Al-Istiqamah merangkul gelaran Juara Keseluruhan pada Hari Sukan Tahunan 2025, meningkatkan moral sekolah dan prestij jenama.
- Pengoptimuman Kos: Beralih kepada "Google for Education" dan "Canva for Education" pada kos sifar menghasilkan penjimatan operasi tahunan sebanyak RM 1,090.20 bermula Disember 2025.
- Sistem Mutabaah Amal: Sistem pengesanan digital proprietari untuk meningkatkan pemantauan prestasi pelajar dan guru sedang dibangunkan, dijadualkan untuk pelancaran pada April 2026.
2.5 Penstrukturan Aset & Pengurusan Kenderaan
- Penyumberan Luar Strategik: Bermula pada tahun 2026, syarikat secara rasmi menamatkan perkhidmatan bas sekolah dalamannya dan menyerahkan operasi ini kepada penyedia pihak ketiga. Langkah ini menghapuskan kos overhed bahan api dan penyelenggaraan yang semakin meningkat serta memfokuskan sumber semata-mata kepada mandat teras pendidikan kami.
- Pengecilan Saiz Kenderaan: Hasil daripada langkah ini, satu van sekolah berjaya dijual, menyuntik RM 11,000 aliran tunai kembali ke dalam perniagaan. Van yang selebihnya (No Plat: VDQ8144) dikekalkan khusus untuk penggunaan operasi terhad (solat Jumaat berjemaah, 4 kali sebulan).
2.6 Cabaran Pentadbiran & Tindakan Semasa
- Kehilangan Kelayakan Geran JAKIM: Permohonan untuk geran penyelenggaraan sekolah tahunan JAKIM ditolak pada Mac 2026 berikutan prasyarat yang tidak didedahkan yang memerlukan minimum 25 murid Darjah 1 setiap kelas.
- Pertikaian Vendor (CTOS): Pihak pengurusan sedang giat menuntut bayaran balik deposit RM 1,500 dan pembalikan potongan yuran tanpa kebenaran selama dua bulan berikutan penamatan kontrak pada November 2025.
3. Persaingan Pasaran & Pengurusan Risiko
3.1 Ancaman Pesaing Tidak Berdaftar (SRITI Al-Falah)
- Pesaing tidak berdaftar, SRITI Al-Falah, dibuka dalam radius 243 meter dari Ibu Pejabat Ukay Perdana, secara langsung melanggar keperluan pengezonan minimum 500 meter JAIS untuk sekolah Islam.
- Beroperasi tanpa overhed pematuhan undang-undang, entiti ini terlibat dalam penentuan harga pemangsa (yuran bulanan RM 400), bertindak sebagai halangan utama kepada pertumbuhan pengambilan murid Darjah 1 kami (kini pada 8 pelajar).
- Tindakan Mitigasi: Pihak pengurusan mengemukakan surat bantahan rasmi kepada JAIS. Mengekalkan 72 pelajar aktif di SRII dalam menghadapi ancaman ini menonjolkan kepercayaan kukuh ibu bapa terhadap status pematuhan sah kami.
4. Laporan Kewangan (Jun 2025 – April 2026)
4.1 Analisis Kutipan Yuran & Kawalan Kos
Semakan tahun demi tahun bagi dinamik kutipan yuran menunjukkan bahawa walaupun terdapat tekanan pendaftaran luaran, garis dasar pengebilan teras untuk pelajar aktif kekal stabil, dengan pihak pengurusan mengekalkan kawalan ketat ke atas penghutang di setiap cawangan operasi.
Jadual 4.1A: Rekod Keseluruhan Tahun 2025 (Januari - Disember)
| Bulan |
Pusat Didikan |
SRII Al-Istiqamah |
IK Ukay Perdana |
IK Taman Permata |
| Kutipan (RM) |
Tunggakan (RM) |
Kutipan (RM) |
Tunggakan (RM) |
Kutipan (RM) |
Tunggakan (RM) |
Kutipan (RM) |
Tunggakan (RM) |
| Januari | 200.00 | 0.00 | 34,042.53 | 2,152.00 | 14,840.00 | 0.00 | 4,391.00 | 0.00 |
| Februari | 3,395.00 | 0.00 | 109,437.87 | 2,217.00 | 3,970.00 | 600.00 | 2,067.00 | 0.00 |
| Mac | 6,694.00 | 0.00 | 34,082.00 | 0.00 | 5,703.00 | 0.00 | 4,747.00 | 0.00 |
| April | 4,434.00 | 0.00 | 31,729.00 | 0.00 | 4,826.00 | 0.00 | 2,210.00 | 0.00 |
| Mei | 5,234.00 | 0.00 | 29,697.50 | 0.00 | 4,826.00 | 0.00 | 3,507.00 | 477.00 |
| Jun | 8,789.00 | 0.00 | 31,592.32 | 0.00 | 6,423.00 | 0.00 | 2,680.00 | 0.00 |
| Julai | 5,254.00 | 0.00 | 30,862.00 | 0.00 | 5,156.00 | 0.00 | 2,210.00 | 0.00 |
| Ogos | 4,672.00 | 0.00 | 30,191.00 | 400.00 | 4,826.00 | 0.00 | 2,210.00 | 0.00 |
| September | 13,711.00 | 0.00 | 29,610.23 | 400.00 | 4,826.00 | 0.00 | 2,210.00 | 0.00 |
| Oktober | 7,624.00 | 0.00 | 29,215.00 | 1,240.00 | 4,826.00 | 0.00 | 2,680.00 | 0.00 |
| November | 12,839.00 | 225.00 | 27,866.00 | 840.00 | 4,826.00 | 0.00 | 2,480.00 | 200.00 |
| Disember | 6,524.00 | 540.00 | 27,599.00 | 840.00 | 4,826.00 | 0.00 | 2,680.00 | 0.00 |
Jadual 4.1B: Rekod Suku Pertama Tahun 2026 (Januari - Mac)
| Bulan |
Pusat Didikan |
SRII Al-Istiqamah |
IK Ukay Perdana |
IK Taman Permata |
| Kutipan (RM) |
Tunggakan (RM) |
Kutipan (RM) |
Tunggakan (RM) |
Kutipan (RM) |
Tunggakan (RM) |
Kutipan (RM) |
Tunggakan (RM) |
| Januari | 3,730.00 | 2,750.00 | 102,156.00 | 13,941.00 | 12,526.96 | 4,955.52 | 19,936.07 | 705.00 |
| Februari | 1,680.00 | 0.00 | 26,880.00 | 860.00 | 6,569.00 | 0.00 | 8,801.00 | 400.00 |
| Mac | 1,400.00 | 280.00 | 23,314.00 | 2,620.00 | 4,889.00 | 1,239.00 | 7,192.00 | 2,019.00 |
Ulasan Kewangan Strategik:
- Mengkaji Semula Lonjakan Pendapatan S1: Kemasukan pendapatan yang besar diperhatikan pada awal tahun akademik (cth., Feb 2025, Jan 2026 terutamanya di SRII Al-Istiqamah) bukanlah keuntungan operasi tulen. Sebahagian besar mewakili pendapatan *pass-through* yang dikumpul untuk serahan khusus (buku teks, pakaian seragam sekolah) dan modal yang diperuntukkan untuk naik taraf fasiliti tahunan.
- Strategi CBA (Amaun Bajet Siling): Untuk memastikan syarikat kekal solven pada pertengahan tahun, pihak pengurusan telah berjaya melaksanakan dasar Amaun Bajet Siling (CBA) yang ketat untuk perbelanjaan berubah-ubah. Sebagai contoh, bil elektrik Ibu Pejabat (TNB) dihadkan dengan ketat pada maksimum RM 3,000 sebulan. Strategi pertahanan ini memaksa disiplin operasi dan menyediakan unjuran aliran tunai pertengahan tahun yang boleh diramal.
- Pengurusan & Mitigasi Tunggakan: Tunggakan yuran terutamanya di SRII pada awal 2026 menunjukkan peningkatan (RM 13,941 pada Januari). Pihak pengurusan meletakkan keutamaan untuk mendapatkan semula dana yang terperangkap ini melalui pelancaran Sistem Mutabaah Amal dalam masa terdekat dan tindakan susulan tadbir urus HR.
4.2 Aset Modal & Rizab Emas
Sebagai sebahagian daripada pemeliharaan kekayaan jangka panjang dan pengurusan aset, syarikat mengekalkan rizab fizikal berikut dan telah melaksanakan strategi jangka panjang untuk melindung nilai daripada inflasi fiat:
- Pelupusan Aset: Pelupusan van sekolah lebihan menjana suntikan modal RM 11,000.
- Rizab Emas Fizikal Semasa (Ketulenan 999.99):
- Ibu Pejabat (Pusat Didikan Al-Istiqamah): 14.5g
- Cawangan Taman Permata: 1.0g
- Strategi Pemeliharaan Kekayaan Masa Depan: Bergerak ke hadapan pada tahun 2026, syarikat akan secara sistematik membeli sekurang-kurangnya 1.0g emas berketulenan 999.99 untuk Ibu Pejabat, dan 0.5g untuk cawangan Taman Permata setiap bulan melalui strategi Pemurataan Kos Dolar (DCA).
4.3 Penyelarasan Kos Overhed & Geran
- Peningkatan Sewaan: Berkuat kuasa Januari 2026, sewa premis asas mengalami peningkatan marginal daripada RM 8,300 kepada RM 8,500 sebulan.
- LSM Azhar Care: Menyediakan RM 3,500 untuk sukan/lawatan (Jun 2025) dan memberikan komitmen geran bulanan sebanyak RM 3,000 (aktif sejak Ogos 2025) bagi mensubsidi gaji dua orang guru.
- Geran Infrastruktur & Zakat: Memperoleh RM 3,000 daripada Zakat SSM (Feb 2026) untuk projek loker pelajar, dan menerima RM 1,000 daripada Zakat Affin Bank.
4.4 Pembiayaan Aktif & Liabiliti Berjangka
4.4.1 Pembiayaan Berasaskan Pendapatan (Seedflex)
Fasiliti jangka pendek yang digunakan pada Jun 2025. Berikut menggambarkan keadaan papan pemuka aktif setakat pertengahan April 2026, menandakan penyelesaian pembayaran balik sebanyak 70% yang sangat berjaya.
| Ringkasan Pembiayaan Seedflex |
Jumlah (RM) |
| Modal Awal Dikeluarkan (Prinsipal) | 20,500.00 |
| Kewajipan Pembayaran Balik Keseluruhan (Termasuk Yuran Platform) | 21,859.00 |
| Jumlah Pembayaran Balik Autodebit Setakat Ini | 15,316.04 |
| Baki Liabiliti Prinsipal (Pada Lembaran Imbangan) | 6,136.17 |
4.4.2 Fasiliti Sewa Beli (Public Bank)
Syarikat mengekalkan satu fasiliti Sewa Beli jangka panjang aktif untuk van sekolah operasi yang dikekalkan (No. Plat: VDQ8144).
- Jumlah Fasiliti Pinjaman: RM 62,612.70
- Baki Tertunggak Semasa (Setakat April 2026): RM 17,994.47
- Ansuran Bulanan: RM 580.00 (Diautomasikan melalui Akaun Utama HQ pada 1hb setiap bulan bagi mengekalkan penarafan CCRIS yang sempurna).
- Tarikh Matang: 28 Februari 2029
4.5 Liabiliti Legasi Pandemik & Ekuiti Swasta
Semasa wabak COVID-19, institusi telah memperoleh beberapa pinjaman peribadi dan pelaburan ekuiti bagi mengekalkan operasi. Pihak pengurusan telah mengekalkan ketelusan mutlak dengan semua pelabur berhubung cabaran operasi baru-baru ini.
Kejayaan Penstrukturan Semula Strategik: Melalui rundingan terus, kewajipan hibah 30% untuk dua pemiutang utama telah berjaya diketepikan, menukar hutang tersebut kepada Hanya-Prinsipal. Selain itu, kewajipan hibah 30% untuk Encik Fazren telah dihormati sepenuhnya dan dibayar, menunjukkan integriti korporat yang kukuh.
| Pemiutang / Pelabur |
Jumlah Prinsipal |
Status Semasa & Terma Dirunding Semula |
| Muhammad Syafiq Kamil | RM 25,000.00 | Prinsipal Sahaja (Hibah 30% diketepikan melalui persetujuan bersama). Menunggu penstrukturan semula. |
| Nurul Izzah | RM 15,000.00 | Prinsipal Sahaja (Hibah 30% diketepikan melalui persetujuan bersama). Menunggu penstrukturan semula. |
| Muhammad Fazren | RM 20,000.00 | Hibah 30% berjaya Dibayar Penuh. Prinsipal menunggu penstrukturan semula. |
| Pinjaman Ubah Suai COVID | RM 43,000.00 | Aktif. Dibayar melalui Autodebit bulanan RM 100.00 (bermula 03 Dis 2024). |
| Ustaz Izwan (Ekuiti Swasta) | RM 35,000.00 | Pelaburan aktif di bawah perjanjian Perkongsian Keuntungan 40%. |
| Puan Azeanty | RM 1,600.00 | Pendahuluan jangka pendek. Menunggu penstrukturan semula. |
5. Strategi Penyatuan Hutang & Kelestarian Operasi
Untuk menghormati kepercayaan pelabur awal dan menyelesaikan liabiliti pandemik yang digariskan dalam Seksyen 4.5 secara sistematik, pengurusan telah merangka strategi tiga serangkai yang muktamad untuk penyatuan hutang dan pengoptimuman aliran tunai, yang akan dilaksanakan sepanjang tahun 2026.
5.1 Memanfaatkan Status Amil Zakat Untuk Subsidi Operasi
Berikutan kejayaan pendaftaran JAIS dan KPM, institusi sedang memuktamadkan pendaftarannya sebagai Amil Zakat rasmi di bawah Lembaga Zakat Selangor. Status ini membolehkan sekolah mengekalkan komisen 50% daripada dana Zakat yang dikumpul secara sah. Aliran pendapatan baharu ini akan disuntik secara langsung untuk memberi subsidi kepada perbelanjaan operasi teras (OPEX). Dengan mengurangkan beban overhed secara drastik, margin bersih yang dijana daripada yuran pengajian pelajar biasa akan diperluaskan dengan ketara, membolehkan dana tersebut disalurkan secara agresif ke arah pelunasan hutang.
5.2 Pengambilalihan Dana CSR Korporat Secara Agresif
Dengan status pendaftaran yang sah di sisi undang-undang, institusi kini layak menerima geran Tanggungjawab Sosial Korporat (CSR) rasmi. Pihak pengurusan sedang aktif memulakan kempen bagi memohon dana CSR daripada pelbagai syarikat Malaysia. Sama seperti strategi Zakat, memperoleh dana CSR luaran untuk mengekalkan operasi sekolah bulanan akan membebaskan kutipan yuran dalaman bagi memaksimumkan dan mempercepatkan pembayaran balik pinjaman.
5.3 Penyatuan Hutang Komersial Melalui Audit Rasmi
Matlamat strategik utama adalah bagi meringankan beban yang diletakkan ke atas pelabur swasta awal syarikat—rakan terdekat yang menyediakan talian hayat kritikal semasa pandemik 2020. Bagi mencapai matlamat ini secara beretika dan sistematik, pengurusan telah melantik Talhah & Co untuk menghasilkan laporan kewangan diaudit yang rasmi dan mematuhi piawaian LHDN menjelang Jun 2026.
Berbekalkan laporan diaudit ini, pihak pengurusan berhasrat untuk memohon Pinjaman Penyatuan Hutang Perniagaan yang rasmi, dengan mengutamakan rakan perbankan utama kami, CIMB Bank. Apabila diluluskan, dana ini akan digunakan untuk melunaskan hutang kepada semua pemberi pinjaman peribadi dan pelabur legasi secara serentak dalam satu bayaran penuh. Bergerak ke hadapan, syarikat akan memberi tumpuan semata-mata pada satu pinjaman komersial berstruktur dengan CIMB, yang dihadkan pada anggaran peruntukan RM 4,000 sebulan, seterusnya menstabilkan aliran tunai dan menghormati sepenuhnya komitmen kami terhadap penyokong terawal perniagaan ini.
