The Teacher investment fund as an economic institution- is trying to improve the member’s welfare by economic activities such as corporate goverance, the equity investment in company’s stock and major industries including oil,petrochemical, mining and service activities.
The teacher investment fund is trying to achieve the maximum benefit -that make up its philosophy- to provide most appropriate services and economic benefits for teachers by applying the new economic vision on all affair and observe the principles of small core and large network.
Teacher investment fund , which is a legal entity and financial independence, can operate in all the following fields according to statue and purpose:
- Encouraging teachers to participate in economic activities.
- Generating the capital market and liquidity attraction and mobilizing it to different economic sectors.
- Boosting and supporting the government economic program fulfilling the stock trading and commodities exchanges to develop its expansion in the establishment and administration of offices.
- Create opportunities for the participation of small investors in the manufacturing sector
- Create, build and supply educational,cultural ,sports and other activities' units, or getting permission of the competent authorities for the activities which meet community needs.
- Obtaining loans and credit line facilities.
- Conducting Educational activities, research and consulting, management and other similar activities.
- Build, operate and participate in the construction and operation of utility units, including inns, clubs, residential and non-residential units and ... After obtaining permission from the competent authorities.
- Depository at banks, credit institutions or other foreign or domestic authorized entities.
Conducting and using of investments and accomplished participations by the managing of the investment company, Develop and represent the systems and procedures needed for optimal utilization of investments and accomplished participation in all fields.Partnerships with carriers or entities and funds, financial institutions and economic organizations in order to attract domestic and foreign investment and financing provisions of the Islamic Republic of Iran.
- Create and manage community health centers to provide health care services to educators and others, after obtaining permission from the competent authorities.
- Lending facility in order to utilize of commercial brokerage services.
- Financing, establishing, building, construction and obtaining the approval , construction and starting up and operation of the workspaces and factories or Participate in the establishment ,buy and selling different manufacturing firms, commercial or services companies share, in order to meet the teacher's needs.
- Obtaining the Agencies, establish branches and granting agencies in the country or outside.
- Doing Insurance broken affair after obtaining permission.
- Planning and organizing educational,training and Pilgrimage tourism services after obtaining permission.
Note: The Institute can establish related companies to implement the provisions of this Article.
- Share rights of teachers fund – is equivalent to maximum 5% of their monthly salary.
- Government support equivalent to paid teacher's shares.
- Student's saved share.
- Individuals supports or governmental and non-governmental supports.
- Other depositor's saved shares.
The institution's Depositors are as follows:
- Officials and contract employees working in all departments and offices under the education ministry and its affiliates comapnies, including staff, administration and training employees in the country,also the abroad school's supervisor and subsidiaries educational centers, a as investors who are considered in Note 63 of the second plan law of the Islamic Republic of Iran. Government will be credited an equivalent amount of the deposit to the fund in exchange for the investment.
- The committed teaching student of universities and higher education institutions and the students of teacher training centers, technical school and colleges which have a official hired testing mandate .
- The non official staff including contract personnels, can deposit into this institute. Their main membership will be done when they employed as a formal employee or contract with education minister.theses people's operation of the institute is only on the amount of their payment to invest and the participation duration.
- All the founders and staff of non-profit schools ,as a person and non-profit schools as and legal person.
- All the country students.