It is narrated from Sa'id bin al-Musayyib that Sayyiduna Uthman bin Affan, may Allah be pleased with him, said: If a person gives something as a gift to his minor son, it is valid, provided he gives it openly and appoints witnesses to it. Then the guardian will remain the father himself (he will retain possession of that thing on behalf of the boy until the boy reaches maturity).

Imam Malik, may Allah have mercy on him, said: In our view, the ruling is that if a person gives gold or silver to his minor child, and then that child dies while the father was his guardian, then that wealth will not be considered as belonging to the child, except in the case where the father had separated that wealth or deposited it with someone else; then it will belong to the son (and now that wealth will reach all the son's heirs according to the shares prescribed).