What is Mexico Equity & Income Fund Inc.'s Shariah compliance score?

Mexico Equity & Income Fund Inc. (MXE) has a Shariah compliance score of 51/100 (Grade: C+, Fair) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

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

Mexico Equity & Income Fund Inc. (MXE) 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% (MXE: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Mexico Equity & Income Fund Inc. stock?

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 exact percentage and amount for Mexico Equity & Income Fund Inc. (MXE) using the latest financial data.

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 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about MXE's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

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

Mexico Equity & Income Fund Inc.

NYSEFinancial ServicesMX

$13.47

+0.60%

Market Cap: 59.3M

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 21Updated Aug 26, 2026

Basket Composition

8% 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.

92%

Halal7%

Doubtful0%

Not Halal1%

Unknown92%

Top Holdings

GRUPO MEXICO SAB DE CVUnknown11.89%GRUPO FINANCIERO BANORTE SAB DE CVUnknown11.75%FOMENTO ECONOMICO MEXICANO SAB DE CVUnknown10.60%TBBBBBB FOODS INCHalal6.67%GENTERA SAB DE CVUnknown5.38%ARCA CONTINENTAL SAB DE CVUnknown4.77%ESENTIA ENERGY DEVELOPMENT SAB DE CVUnknown4.56%CEMEX-CEMENTOS MEXICANOS SAB DE CVUnknown4.33%INDUSTRIAS PENOLES SAB DE CVUnknown3.96%CORPORACION INMOBILIARIA VESTA SAB DE CVUnknown3.87%

Fiscal: N/AData source: FMP-LOOKTHROUGH

Purify Your MXE Dividends

0.9% non-compliant income

MXE has 0.9% 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?

Mexico Equity & Income Fund Inc. (MXE) is screened using AAOIFI Standard 21 look-through analysis. Each underlying holding is screened individually and the weighted aggregate determines the fund verdict. Check the verdict above for the current compliance ruling.

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

Mexico Equity & Income Fund Inc.'s compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.

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. (MXE) 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: Aug 26, 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.