Gold Royalty Corp.

GROY

Not Compliant
Exchange
Sector
Headquarters
Group
NYSE MKT
Financials
Canada
Small Cap

Gold Royalty Corp. is not Shariah Compliant because of its involvement in Investment Management & Fund Operators (NEC) and related activities.

-

Impure Income*

$0.029

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Small Cap
126.24%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
0.12%
-17.52%
1.51

Shariah Compliance

  • Updated on September 15, 2026
Debt
0.02%
✓
Non-Compliant Assets
2.09%
✓
Impure Income

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
0.03%
✓
Impure Income

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
0.03%
✓
Impure Income

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
0.02%
✓
Cash
3.24%
✓
Cash & AR
3.96%
✓
Impure Income

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
0.02%
✓
Cash
3.24%
✓
Cash & AR
3.96%
✓
Impure Income

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

-
-
Interest Income
-

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

Gold Royalty Corp. is a gold-focused royalty company offering financing solutions to the metals and mining industry. The Company’s diversified portfolio consists primarily of net smelter return royalties on gold properties located in the Americas. It has a diversified portfolio consists of over 250 royalties and streams located in mining-friendly jurisdictions throughout the Americas. The Canadian Malartic Complex consists of the Canadian Malartic open pit and the Odyssey underground mine. It is located in Quebec, Canada, and is wholly owned and operated by Agnico Eagle. The Cote Gold project is an open-pit gold mine and consists of the Cote and Gosselin deposits. The REN Project is a high-grade deposit being developed as the northern, underground extension of the Goldstrike Mine, along the Carlin Trend in Nevada, United States of America. Its royalties include Borden, Borborema Cozamin, Isabella Pearl, Pedra Branca, REN Carlin Mines, and Sleeper.