What is Fomento Económico Mexicano, S.A.B. de C.V.'s Shariah compliance score?

Fomento Económico Mexicano, S.A.B. de C.V.'s (FMX) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Fomento Económico Mexicano, S.A.B. de C.V. pass AAOIFI screening?

Fomento Económico Mexicano, S.A.B. de C.V. (FMX) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (FMX: 32.8%), (3) interest-bearing deposits below 30% (FMX: 16.3%), and (4) prohibited income below 5% (FMX: 0.9%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Fomento Económico Mexicano, S.A.B. de C.V. stock?

Fomento Económico Mexicano, S.A.B. de C.V. (FMX) has a non-permissible income ratio of 0.91%. Muslim investors should purify this percentage of any dividends received and capital gains realized from FMX shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Fomento Económico Mexicano, S.A.B. de C.V. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Fomento Económico Mexicano, S.A.B. de C.V. (FMX) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about FMX's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

FMX: Is Fomento Económico Mexicano, S.A.B. de C.V. Halal?

Fomento Económico Mexicano, S.A.B. de C.V.

NYSEConsumer DefensiveMX

$129.30

+0.93%

Market Cap: 44.1B

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Fomento Económico Mexicano, S.A.B. de C.V. (FMX) halal? Not Halal. Based on AAOIFI screening, Fomento Económico Mexicano, S.A.B. de C.V. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

32.8% of 30.0% limit

What this means for you

Most scholars advise not holding FMX

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Fomento Económico Mexicano, S.A.B. de C.V.

Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) is a diverse multinational enterprise. Its operations include acting as a key bottler, marketer, and distributor of Coca-Cola trademark beverages across a wide territory encompassing Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay. Furthermore, FEMSA is a significant player in the retail sector, managing 20,431 OXXO convenience stores in Mexico, Colombia, Peru, Chile, and Brazil as of December 31, 2021. The company also operates 567 OXXO GAS service stations in Mexico, which supply fuels, motor oils, lubricants, and car care items. Its pharmaceutical retail division comprises 3,652 drugstores operating under names such as Cruz Verde, Fybeca, SanaSana, YZA, La Moderna, and Farmacon in Chile, Colombia, Ecuador, and Mexico. In addition to these core activities, FEMSA is involved in the manufacturing of chillers, commercial refrigeration equipment, plastic containers, and specialized food processing and weighing machinery. It also offers comprehensive logistic transportation, distribution, and maintenance services, point-of-sale refrigeration solutions, plastic solutions, and runs a distribution platform for cleaning products and various consumables. Established in 1890, the company is headquartered in Monterrey, Mexico.

Sector: Consumer Defensive · Industry: Beverages - Alcoholic

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Consumer Defensive

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

JBSSA+

John B. Sanfilippo & Son, Inc.

$74.09

+0.32%

LWAYA+

Lifeway Foods, Inc.

$31.41

-2.85%

LINCA+

Lincoln Educational Services Corporation

$49.31

-1.16%

MAMAA+

Mama's Creations, Inc.

$17.77

+12.97%

MZTIA+

The Marzetti Company

$107.14

-2.47%

More Consumer Defensive Stocks

The Procter & Gamble Company

The Coca-Cola Company

B+

WMT

Walmart Inc.

PEP

PepsiCo, Inc.

B+

COST

Costco Wholesale Corporation

Philip Morris International Inc.

Free · No credit card required

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Frequently Asked Questions

Is Fomento Económico Mexicano, S.A.B. de C.V. (FMX) halal to invest in?

Fomento Económico Mexicano, S.A.B. de C.V. (FMX) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Fomento Económico Mexicano, S.A.B. de C.V. get a F compliance rating?

Fomento Económico Mexicano, S.A.B. de C.V. (FMX) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 32.8% (limit 30%); interest-bearing deposits of 16.3% (limit 30%); prohibited income of 0.91% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Fomento Económico Mexicano, S.A.B. de C.V.'s Shariah verdict?

Fomento Económico Mexicano, S.A.B. de C.V.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Fomento Económico Mexicano, S.A.B. de C.V. re-screened for Shariah compliance?

Fomento Económico Mexicano, S.A.B. de C.V. (FMX) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 18, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.