OUR MANDATE

OUR MANDATE

Urusharta Jamaah (UJ) is responsible for rehabilitating, restructuring and monetising the assets transferred to UJ whilst ensuring the timely redemption of Sukuk Murabahah to Lembaga Tabung Haji (LTH). We strive to alleviate and minimise the financial commitment of the Government.

Restructure and Rehabilitate Assets

Strategic management of our portfolio of assets by leveraging opportunities in the market, undertaking relevant investment decisions that include but are not limited to trading, holding and divestment.

Maximise Asset Recovery Value

Minimise possible market disruption and maximise asset recovery value through close collaboration with partners, and remaining responsive to dynamic market conditions.

Reform and Resume Asset Operation

Undertaking comprehensive restructuring built on a strong foundation of good governance to resume operations and facilitate the performance of the acquired assets.

Redeem All Monetary Instruments

Alleviate the Government's fiscal commitment with timely redemptions of Sukuk throughout the 10-year mandate.
THE RESCUE PLAN

Without the transferral of underperforming assets to UJ, LTH will continue to be exposed to market risks and fair value losses that limits its ability to generate competitive return to their stakeholders.

2018

-RM10.9 Bil

Deficit

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2019

-RM9.8 Bil

Deficit

FACILITATING THE RESCUE PLAN

To facilitate the rescue plan, 3 Asset Transfer Agreements took place between UJ and LTH. This rescue plan enabled UJ to take over underperforming assets and allowed LTH to deal expeditiously in terms of its financial standing.

What Was Transferred to Urusharta Jamaah

3 Asset Transfer Agreements

106

listed equities

1

unlisted plantation
company

29

properties

In Return, Lembaga Tabung Haji Received

Sukuk Series 1

7 Years

Zero Coupon
Yield of 4.05% p.a.

Nominal value:

RM13.20 Bil

Sukuk Series 2

10 Years

Zero Coupon
Yield of 4.05% p.a.

Nominal value:

RM14.35 Bil

Cash

RM300 Mil

DELIVERING AND GENERATING ASSET VALUE

UJ is actively rehabilitating and restructuring our portfolio of assets. We aim to cultivate resilient investments that will enable us to uplift our overall portfolio.

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RM 0 Bil

Market Value of Properties
under Management as at
31 December 2020

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RM 7.3 Bil

Equities Market Value as at
31 December 2021

Assets transfer icon
RM 0 Bil

Assets Transfer Value

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> 0

Managing more than 25 properties nationwide

STRATEGIC MANAGEMENT FOR BUSINESS SUSTAINABILITY

UJ aims to build a diversified portfolio of investments that can weather evolving market conditions and continuously generate sustainable returns by enhancing its net asset value.

Since the transfer of assets in 2018, UJ has implemented several initiatives and plans to build a more resilient portfolio such as:

  • Restructure the investment portfolio by reinvesting in Shariah-compliant counters with strong fundamentals as well as high growth sectors such as utilities, healthcare, telecommunications, and electronic manufacturing services. UJ shall actively participate in new public offering opportunities and position itself as one for the cornerstone investors.
  • Develop a robust governance framework through the implementation of guidelines and Standard Operating Procedure (SOPs) to improve transparency.
  • Collaborate with external fund managers (EFM) to manage portions of our equities portfolio, thus diversifying our risk and strengthening knowledge transfer.
  • Rehabilitate the assets by continuing to invest and enhance our property asset value. 
  • Embark on the journey to adopt Environmental, Social and Governance (ESG) analysis in our investment decision-making process, focusing on companies with strong ESG credentials. 
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OUR RESTRUCTURING AND
REHABILITATION FRAMEWORK

The Company’s 10-Year Strategic Plan was developed to deliver on the mandate entrusted to UJ by the Government. In that respect, five (5) strategic thrusts were introduced to drive the business, namely the Defensive Strategy, Optimisation of Returns, Annual Redemption, Monetisation of Assets and Exit Strategy.

Furthermore, we developed our very own strategic framework, coined G.O.L.F, which was established as the Company’s compass to guide our Strategic Companies towards improved profitability and marketability.