The registration of newly-launched Skim Amanah Rakyat 1Malaysia (SARA 1Malaysia) will start on Monday 30th January 2012 and will extend for a year or upon full subscription.
SARA 1Malaysia is a hybrid of a unit trust investment and a loan product. The scheme expected to offer 32.16 per cent return on investment per annum. However, the net return is only 12 per cent per annum if the investors are taking loan.
The scheme was not a get-rich-quick scheme but a government-initiated savings and investment scheme to educate and help low-income earners to invest since they are not financially capable.