Golden Royal Development, Inc. engages in the business of purchasing and selling mineral leases and other interests in mineral rights. The company is headquartered in Brooklyn, New York. The company went IPO on 2023-01-24. The Company’s activities consist of identifying and acquiring oil, gas, and mining properties. The firm owns precious metal rights in a parcel of land in Crooks County, Wyoming. The firm holds seven mineral interests: Fremont County, WYW-185478; Converse County, Wyoming Lease 22-00255; Laramie County, Wyoming Lease 22-00256; Crooks County, Wyoming Lease 0-43552; Crooks County, Wyoming Lease 0-42778; Crooks County, Wyoming Lease 0-42776, and Crooks County, Wyoming Lease 0-43639. Fremont County, WYW-185478 is a ten-year mineral lease on 240 acres of public lands in Fremont County, Wyoming. Converse County, Wyoming Lease 22-00255 is a leasehold (80 acres) of public lands in Converse County, Wyoming. Crooks County, Wyoming Lease 0-42778 provides the right to prospect for, develop, produce and market gold, silver and precious metals, as well as diamonds, jade and precious stones.
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As of August 2026, Golden Royal Development Inc GRDV is classified as not covered according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Golden Royal Development Inc using these criteria to determine its compliance status.
Muslim investors may consider investing in Golden Royal Development Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of Golden Royal Development Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Golden Royal Development Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of Golden Royal Development Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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