Is Grupo Aeroportuario del Pac�fico SAB de CV PAC stock halal to invest in?

Grupo Aeroportuario del Pacífico S.A.B. de C.V. ADR represents a financial interest in the Mexican airport operating company that manages 12 airports across the Pacific and central regions of Mexico. This American Depositary Receipt (ADR) allows U.S. investors to conveniently invest in the company without direct ownership in foreign stocks, easing the process of international market participation. For Muslim investors, though, the most pressing question is simpler: is Grupo Aeroportuario del Pac�fico SAB de CV a Halal investment?

Is Grupo Aeroportuario del Pacífico SAB de CV Shariah compliant?

For industrial companies like Grupo Aeroportuario del Pacífico SAB de CV, the product is rarely the problem; aircraft, vehicles and machinery are permissible. The exposure is leverage: fleets and factories are financed, and the 30% cap that AAOIFI Shariah Standard No. 21 places on interest bearing debt is the screen that decides most verdicts in this sector.

Does Grupo Aeroportuario del Pacífico SAB de CV pass the business activity test?

The activity screen is only part of the picture this month: Grupo Aeroportuario del Pacífico SAB de CV currently fails the non-permissible income screen, so the overall verdict is not compliant regardless of the business itself. The activity itself raises no Shariah objection; the scrutiny belongs to the financing.

Is Grupo Aeroportuario del Pacífico SAB de CV's income Halal?

No. Grupo Aeroportuario del Pacífico SAB de CV's income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.

Does Grupo Aeroportuario del Pacífico SAB de CV meet AAOIFI's debt and investment ratio requirements?

Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has PAC re-screened every month, and the result above always shows the latest verdict.

Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.

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