Is zakat obligatory on shares if companies pay zakat annually on capital?

The method of zakat (definition) for company shares varies depending on the type of company. In some cases, both the capital and the profit are subject to zakat, while in others, only the profit is. If the company is of the type where both profits and capital are subject to zakat, it is not permissible for the company manager to pay zakat on behalf of the shareholders without their authorization, because intention is a condition for performing zakat. The shareholder should ensure that the authorized manager has paid the zakat and that it has reached its rightful recipients, because the owner's liability remains until the money reaches those entitled to it.