It is permissible for a man to sell some of his property to one of his sons, if he (the son) is able to make the purchase, and he should deal with him as he would deal with a stranger. He should not give him any preferential treatment that would indicate that he favours him over his siblings.

Principles of Fiqh

Jurisprudence and Islamic Rulings

Transactions

Business and Financial Transactions

From Fataawaa al-Lajnah al-Daa’imah, part 13/15

Father selling some of his
possessions to one of his sons

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Father selling some of his possessions to one of his sons