Kuala Lampur, July 31 -- When Lembaga Tabung Haji (TH) announced in July 2026 that it had reclaimed two assets from Urusharta Jamaah Sdn Bhd (UJSB), a parcel of land at the Tun Razak Exchange and the oil palm plantation now known as UJ Estates (Holdings), the reaction split along predictable lines.

For some, it was proof that the 2018 rescue plan was finally working, eight years on.

For others, the fact that only two assets out of the entire pool transferred to UJSB have come home is proof of the opposite: that TH failed to protect the assets it handed over, and that whatever remains inside UJSB is effectively lost.

Both readings miss what the numbers are actually saying.

The facts of the return are not in dispute. TH bought back the ...