Fomento Economico Mexicano SAB de CV

FMX

Not Compliant
Exchange
Sector
Headquarters
Group
NYSE
Consumer Non-Cyclicals
Mexico
Large Cap

Fomento Economico Mexicano SAB de CV is not Shariah Compliant because its Impure Income0/5> is more than 5% of its total revenues.

9.88%

Impure Income*

$0.343

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Large Cap
BUY
$123.75
10
15.61%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
8.50%
3.74%
1.02
1.35
66.37%

Shariah Compliance

  • Updated on June 4, 2026
Debt
41.62%
✗
Non-Compliant Assets
4.65%
✓
Impure Income
9.88%
✗

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
42.5%
✗
Impure Income
9.88%
✗

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
44.43%
✗
Impure Income
9.88%
✗

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
32.54%
✓
Cash
14.54%
✓
Cash & AR
20.61%
✓
Impure Income
9.88%
✗

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
32.54%
✓
Cash
14.54%
✓
Cash & AR
20.61%
✓
Impure Income
9.88%
✗

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

Alcohol and Non-Halal Products
9.17%
Interest Income
0.71%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Fomento Economico Mexicano SAB de CV, formerly known as Valores Industriales SA, is a Mexico-based holding company. The Company’s scope of activities is divided into three primary business divisions based on the Firm’s subsidiaries’ operations: Coca-Cola FEMSA, which focuses on manufacturing, marketing, selling, and distributing of various kinds of beverages primarily through Coca-Cola FEMSA SAB de CV as well as its subsidiaries; Proximidad & Salud, which is related to retail-sale operations conducted in American countries such as Mexico, Brasil, Colombia, and European countries, including Germany, Switzerland, among others, as well as running a chain of gasoline stations in Mexico; Digital@FEMSA, which is engaged in providing digital-ecosystem solutions connected with virtual payments, issuing gift cards, and other financial services. Additionally, through its other subsidiaries, the Firm is also involved in industries such as logistics and foodservice.