Return versus hype – Are Islamic metaverse companies more profitable than general ones – A Chinese stock analysis
The metaverse, a virtual universe in which individuals and companies can interact, has become of paramount importance in China in recent years. While the metaverses are still in their infancy, there has been a growing interest and influx of capital into these universes. Shariah-compliant corporation...
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| Format: | Article |
| Language: | English |
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İLKE İlim Kültür Eğitim Vakfı
2024-08-01
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| Series: | Türkiye İslam İktisadı Dergisi |
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| Online Access: | https://tujise.org/uploads/2024/08/1_SemaY%C4%B1lmazGenc_tujise_11-2.pdf |
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| _version_ | 1846144530727829504 |
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| author | Klemens Katterbauer Hassan Syed Laurent Cleenewerck Sema Yılmaz Genç |
| author_facet | Klemens Katterbauer Hassan Syed Laurent Cleenewerck Sema Yılmaz Genç |
| author_sort | Klemens Katterbauer |
| collection | DOAJ |
| description | The metaverse, a virtual universe in which individuals and companies can interact, has become of paramount importance in China in recent years. While the metaverses are still in their infancy, there has been a growing interest and influx of capital into these universes. Shariah-compliant corporations have been gradually attracting significant funds from Islamic countries, given the growing strong engagement and trade. Similarly, metaverse corporations have been gaining significant sizes in the Chinese market and have become cornerstones of the investment landscape. For Islamic investors, questions arise whether these new metaverse corporations provide better returns given the massive hype and media attention they have attracted, and whether a portfolio investment into these corporations deliver the benefits promised. The article provides a comparative analysis between Chinese Islamic metaverse and Shariah-compliant enterprises, where all enterprises have either A or H-shares. The performance analysis over a timespan of 10 years demonstrates that the most optimal portfolios have similar expected returns while general Shariah-compliant enterprises provide significantly lower risks as compared to the metaverse ones. This implies that Shariah-compliant enterprises provide significantly more value for the risk they are attributed and are more sustainable. |
| format | Article |
| id | doaj-art-c4def534fc8b4b1e9a9ec7d425a6ec0f |
| institution | Kabale University |
| issn | 2148-3809 |
| language | English |
| publishDate | 2024-08-01 |
| publisher | İLKE İlim Kültür Eğitim Vakfı |
| record_format | Article |
| series | Türkiye İslam İktisadı Dergisi |
| spelling | doaj-art-c4def534fc8b4b1e9a9ec7d425a6ec0f2024-12-02T07:16:20ZengİLKE İlim Kültür Eğitim VakfıTürkiye İslam İktisadı Dergisi2148-38092024-08-0111211610.26414/A4079Return versus hype – Are Islamic metaverse companies more profitable than general ones – A Chinese stock analysisKlemens Katterbauer0https://orcid.org/0000-0001-5513-4418Hassan Syed1https://orcid.org/0000-0003-2114-2473Laurent Cleenewerck2https://orcid.org/0000-0002-3138-1622Sema Yılmaz Genç3https://orcid.org/0000-0002-9267-0428EUCLID University EUCLID UniversityYıldız Teknik UniversityCLID UniversityThe metaverse, a virtual universe in which individuals and companies can interact, has become of paramount importance in China in recent years. While the metaverses are still in their infancy, there has been a growing interest and influx of capital into these universes. Shariah-compliant corporations have been gradually attracting significant funds from Islamic countries, given the growing strong engagement and trade. Similarly, metaverse corporations have been gaining significant sizes in the Chinese market and have become cornerstones of the investment landscape. For Islamic investors, questions arise whether these new metaverse corporations provide better returns given the massive hype and media attention they have attracted, and whether a portfolio investment into these corporations deliver the benefits promised. The article provides a comparative analysis between Chinese Islamic metaverse and Shariah-compliant enterprises, where all enterprises have either A or H-shares. The performance analysis over a timespan of 10 years demonstrates that the most optimal portfolios have similar expected returns while general Shariah-compliant enterprises provide significantly lower risks as compared to the metaverse ones. This implies that Shariah-compliant enterprises provide significantly more value for the risk they are attributed and are more sustainable.https://tujise.org/uploads/2024/08/1_SemaY%C4%B1lmazGenc_tujise_11-2.pdfmetaversechinashariah complianceportfolio optimizationconditional value at riskmean-variance optimizationcapm |
| spellingShingle | Klemens Katterbauer Hassan Syed Laurent Cleenewerck Sema Yılmaz Genç Return versus hype – Are Islamic metaverse companies more profitable than general ones – A Chinese stock analysis Türkiye İslam İktisadı Dergisi metaverse china shariah compliance portfolio optimization conditional value at risk mean-variance optimization capm |
| title | Return versus hype – Are Islamic metaverse companies more profitable than general ones – A Chinese stock analysis |
| title_full | Return versus hype – Are Islamic metaverse companies more profitable than general ones – A Chinese stock analysis |
| title_fullStr | Return versus hype – Are Islamic metaverse companies more profitable than general ones – A Chinese stock analysis |
| title_full_unstemmed | Return versus hype – Are Islamic metaverse companies more profitable than general ones – A Chinese stock analysis |
| title_short | Return versus hype – Are Islamic metaverse companies more profitable than general ones – A Chinese stock analysis |
| title_sort | return versus hype are islamic metaverse companies more profitable than general ones a chinese stock analysis |
| topic | metaverse china shariah compliance portfolio optimization conditional value at risk mean-variance optimization capm |
| url | https://tujise.org/uploads/2024/08/1_SemaY%C4%B1lmazGenc_tujise_11-2.pdf |
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