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

Fomento Económico Mexicano, S.A.B. de C.V. (FMX) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

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 Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. FMX's debt-to-market-cap is 33.6%.

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

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the percentage and amount for Fomento Económico Mexicano, S.A.B. de C.V. (FMX) 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 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

FMXNot HalalF

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Compliance Status

Not Halal

Screened on Oct 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).

Quote this verdict

HalalScreener rates Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 18, 2026. Source: https://halalscreener.app/en/stock/FMX

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%.

33.6% of 30.0% limit

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

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

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

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

NYSEConsumer DefensiveMX

$126.46

+4.52%

Market Cap: 43.1B

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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 - Non-Alcoholic

Why this does not pass

Interest-bearing debt is 33.6% of market cap, over the 30% AAOIFI limit.
Interest-bearing deposits are over the 30% limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 18, 2026

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Institutional-grade Shariah analysis

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See why FMX is rated Not Halal with institutional-grade analysis

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

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: Q2 2026Data 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:

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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 33.6% (limit 30%). 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: Oct 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.