Is it permissible to pay Zakat money to purchase endowment shares?

Zakat is a right for the eight categories mentioned in the Quran, and its funds cannot be endowed, because that would remove them from the ownership of their rightful beneficiaries. As for investing zakat funds in profitable projects, the Islamic Fiqh Academy has permitted it on condition that the projects are owned by the zakat beneficiaries, or that they are affiliated with the legitimate body responsible for collecting and distributing zakat, and after fulfilling the immediate and urgent needs of the beneficiaries, and with sufficient guarantees in place to avoid losses.