What does "interest" mean in the context of an SSM Interest Scheme?

“Interest” is defined under section 2(1) of the Interest Schemes Act 2016 as:

“Any interest or right to participate, whether enforceable or not and whether actual, prospective or contingent whether in Malaysia or elsewhere:

1. in any investment scheme;

2. in any time-sharing scheme; or

3. in any recreational membership scheme.”

Interest excludes:

1. any shares in or debenture of corporation;

2. any capital market product under the Capital Markets and Services Act 2007;

3. any interest in a partnership agreement save for the types of agreement specified under s.2(1)(iii)(A) and(B) of the Interest Schemes Act 2016; and

4. any participatory interest in any product regulated under the Financial Services Act 2013, Islamic Financial Services Act 2013 and Development Financial Institutions Act 2002.