What is The Mexico Fund, Inc.'s Shariah compliance score?

The Mexico Fund, Inc.'s (MXF) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does The Mexico Fund, Inc. pass AAOIFI screening?

The Mexico Fund, Inc. (MXF) 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% (MXF: 0.0%), (3) interest-bearing deposits below 30% (MXF: 0.0%), and (4) prohibited income below 5% (MXF: 3.1%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for The Mexico Fund, Inc. stock?

The Mexico Fund, Inc. (MXF) has a non-permissible income ratio of 3.10%. Muslim investors should purify this percentage of any dividends received and capital gains realized from MXF 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 The Mexico Fund, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for The Mexico Fund, Inc. (MXF) 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 MXF's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

MXF: Is The Mexico Fund, Inc. Halal?

The Mexico Fund, Inc.

NYSEFinancial ServicesMX

$22.29

-0.04%

Market Cap: 321.4M

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is The Mexico Fund, Inc. (MXF) halal? Not Halal. Based on AAOIFI screening, The Mexico Fund, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Basket rule

Over the limit

An ETF is halal when non-compliant holdings stay under 5% of the basket by weight.

29.1% of 5.0% limit

29% of the basket's holdings were screened individually.

About The Mexico Fund, Inc.

The Mexico Fund, Inc. operates as a closed-ended equity mutual fund, under the management of Impulsora del Fondo México, S.C. Its core investment approach is centered on deploying capital primarily within Mexico's public stock exchanges. A key objective for the fund is to ensure its holdings are diversified across a wide array of economic sectors. This entity was founded on June 1, 1981, and is legally headquartered in Maryland, United States.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Basket-weighted haram holdings exceed 5% (29.1%)

Basket Composition

29% 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.

29%

71%

Halal0%

Doubtful0%

Not Halal29%

Unknown71%

Top Holdings

Grupo Mexico, S.A.B. de C.V. (b)Unknown14.94%FMXFomento Economico Mexicano, S.A.B. de C.V.Not Halal10.64%Grupo Financiero Banorte, S.A.B. de C.V.Unknown10.39%CXCemex, S.A.B. de C.V.Not Halal6.56%Wal-Mart de Mexico, S.A.B. de C.V.Unknown6.21%America Movil, S.A.B. de C.V. (b)Unknown4.86%PACGrupo Aeroportuario del Pacifico, S.A.B. de C.V.Not Halal4.23%GCC, S.A.B. de C.V.Unknown3.32%ASRGrupo Aeroportuario del Sureste, S.A.B. de C.V.Not Halal3.26%Arca Continental, S.A.B. de C.V.Unknown3.21%

Compliance History

Not Halalnow
since Jun 2026
Under Review
until the change above

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

Fiscal: N/AData source: FMP-LOOKTHROUGH

Halal Alternatives in Financial Services

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

GLDA+

SPDR Gold Shares

$368.41

+0.17%

SLVA+

iShares Silver Trust

$50.78

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

More Financial Services Stocks

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JPMorgan Chase & Co.

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A+

PYPL

PayPal Holdings, Inc.

C+

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is The Mexico Fund, Inc. (MXF) halal to invest in?

The Mexico Fund, Inc. (MXF) 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 The Mexico Fund, Inc. get a F compliance rating?

The Mexico 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 The Mexico Fund, Inc.'s Shariah verdict?

The Mexico 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 The Mexico Fund, Inc. re-screened for Shariah compliance?

The Mexico Fund, Inc. (MXF) 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.