Is MEXICO EQUITY & INCOME FUND INC (MXE) Halal?
Shariah Screening — 5 Standards
Based on financial data from July 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Asset Management | ✗ NOT HALAL | |||
| DJIM | Excluded — Asset Management | ✗ NOT HALAL | |||
| MSCI | Excluded — Asset Management | ✗ NOT HALAL | |||
| S&P | Excluded — Asset Management | ✗ NOT HALAL | |||
| FTSE | Excluded — Asset Management | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | 54.7% | |
| Net Margin | 97.2% | |
| Return on Equity (ROE) | 3.3% | |
| Return on Assets (ROA) | 0.9% |
Cash Flow & Balance Sheet
| Current Ratio | 0.0 |
| Total Assets | $58M |
Price & Trading
| Last Close | $12.59 |
| 50-Day MA | $13.32 |
| 200-Day MA | $11.90 |
| Avg Volume | 7K |
| Beta | 0.7 |
|
52-Week Range
$8.26
| |
About MEXICO EQUITY & INCOME FUND INC (MXE)
Mexico Equity & Income Fund Inc. is a closed ended balanced mutual fund launched and managed by Pichardo Asset Management, S.A. de C.V. The fund invests in the fixed income and public equity markets of Mexico. It also invests some portion in the convertible securities. The fund invests in the stocks of companies operating across diversified sectors. It benchmarks the performance of its portfolio against the Mexbol and MSCI Mexico Index. Mexico Equity & Income Fund Inc. was formed on May 24, 1990 and is domiciled in the United States.
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Frequently Asked Questions
Is MEXICO EQUITY & INCOME FUND INC (MXE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), MEXICO EQUITY & INCOME FUND INC is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is MEXICO EQUITY & INCOME FUND INC's debt ratio?
MEXICO EQUITY & INCOME FUND INC's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are MEXICO EQUITY & INCOME FUND INC's key financial metrics?
MEXICO EQUITY & INCOME FUND INC has a market capitalization of $55M, trailing P/E ratio of 29.2, and revenue of -$6M. The company maintains a gross margin of 100.0% and a net margin of 97.2%. Return on equity stands at 3.3%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.