Zakah on shares intended for sale

Q 3: Companies are registered in the Commercial Registrar of the State by the body concerned, where both their capital and the amount of total shares are determined and well known. They pay Zakah (obligatory charity) to the State and distribute to the shareholders the rest of the profits, each according to his shares. Is the owner of shares obligated to pay Zakah, whether he was a shareholder or a buyer of shares? Should he pay Zakah on the capital of his shares according to their market value during or upon the end of a Hawl (one lunar year calculated from the time a property reaches the minimum amount upon which Zakah is due)? It is worth mentioning that the number of his shares increases and decreases as a result of speculation, since he sells when the price of a share increases and buys when it decreases. A 3: If the company pays all the Zakah due on the profits, there is no Zakah due on the shareholders regarding the rest of the dividends they receive from the company, provided they have authorized the company to pay Zakah on their behalf. On the other hand, if the company does not give Zakah (Part No. 8; Page No. 166

A 3: If the company pays all the Zakah due on the profits, there is no Zakah due on the shareholders regarding the rest of the dividends they receive from the company, provided they have authorized the company to pay Zakah on their behalf. On the other hand, if the company does not give Zakah (Part No. 8; Page No. 166) in full, it is Wajib (obligatory) on the shareholders to pay the rest of the Zakah due on them out of the dividends they receive. The shareholders should also pay Zakah on the shares if they are intended for sale, since, in this case, they are considered commercial commodity.May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.