Reacting to the guilty verdict, the party said deputy president Jacob Zuma should not resign.
"The judge found only Shaik guilty, and not Jacob Zuma," said spokesman Buti Manamela.
"Calls for his resignation smack of opportunism and should not be heeded."
The YCL steadfastly supported Zuma, and believed a judge in court could not question his unifying character and commitment to the liberation movement, said Manamela.
"We are perplexed that the Judge lengthily drew Zuma into the whole case, falling into the trap of the prosecution team and some people who are against the deputy president," he said.
Manamela said: "The deputy president was not on trial."