Does Mexico Equity & Income Fund Inc. pass AAOIFI look-through screening?

HalalScreener has not published a Shariah verdict on Mexico Equity & Income Fund Inc. (MXE): it is under review. A fund is screened by looking through its holdings: each holding is screened under AAOIFI Standard No. 21 and weighed, and the fund is halal when non-compliant holdings stay under 5% of the basket by weight.

Where can I screen Mexico Equity & Income Fund Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Mexico Equity & Income Fund Inc. (MXE) 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.

MXEUnder Review

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MXE: Is Mexico Equity & Income Fund Inc. Halal?

Mexico Equity & Income Fund Inc.

NYSEFinancial ServicesMX

$12.59

Market Cap: 55.4M

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About Mexico Equity & Income Fund Inc.

The Mexico Equity & Income Fund Inc., identified by the symbol MXE, functions as a closed-end, balanced mutual fund. It was established and is currently managed by Pichardo Asset Management, S.A. de C.V. The fund primarily channels its investments into Mexico's public equity and fixed-income markets, while also dedicating a segment of its capital to convertible securities. Its portfolio is composed of shares from companies operating across a diverse spectrum of industries. To gauge its investment performance, the fund benchmarks its results against both the Mexbol and MSCI Mexico Index. This particular fund was founded on May 24, 1990, and maintains its domicile within the United States.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21 look-throughUpdated Oct 11, 2026

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Basket Composition

5% of basket screened

ETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.

95%

Halal4%

Doubtful0%

Not Halal1%

Unknown95%

Top Holdings

GRUPO FINANCIERO BANORTE SAB DE CVUnknown15.53%GRUPO MEXICO SAB DE CVUnknown15.28%GENTERA SAB DE CVUnknown7.39%GRUPO AEROPORTUARIO DEL PACIFICO SA DE CVUnknown5.30%FOMENTO ECONOMICO MEXICANO SAB DE CVUnknown4.55%GRUPO AEROPORTUARIO DEL SURESTE SAB/DE/CVUnknown4.28%TBBBBBB FOODS INCHalal4.18%INDUSTRIAS PENOLES SAB DE CVUnknown3.99%ARCA CONTINENTAL SAB DE CVUnknown3.93%ESENTIA ENERGY DEVELOPMENT SAB DE CVUnknown3.57%

10 more screened holdings, each with its own verdict, are part of Pro.See the full basket

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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

Under Review, unchanged since Sep 2026.

No status changes recorded since we began tracking.

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

Fiscal: N/AData source: FMP-LOOKTHROUGH

Purify Your MXE Dividends

0.5% non-compliant income

MXE has 0.5% prohibited income. Calculate exactly how much of your dividends to donate.

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Frequently Asked Questions

Is Mexico Equity & Income Fund Inc. (MXE) halal to invest in?

HalalScreener has not published a verdict on Mexico Equity & Income Fund Inc. (MXE): the fund is under review, and the page above says why. Each holding is screened individually under AAOIFI Standard 21 and the result is weighed. A fund is halal when non-compliant holdings stay under 5% of the basket by weight.

Why did Mexico Equity & Income Fund Inc. get a C+ compliance rating?

Mexico Equity & Income Fund Inc. carries no grade while its verdict is withheld.

What could change Mexico Equity & Income Fund Inc.'s Shariah verdict?

Mexico Equity & Income Fund Inc.'s verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.

How often is Mexico Equity & Income Fund Inc. re-screened for Shariah compliance?

Mexico Equity & Income Fund Inc. is re-screened as its published holdings change. Last screened: Oct 11, 2026.

Screened by holdings look-through under 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. A fund is evaluated by screening its holdings under AAOIFI financial standards and weighing the result, using 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.