Can a Mukatab (a slave contracted for manumission) dispose of his wealth by consumption or gift?

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The Mukatab is legally restricted concerning his wealth; he is prohibited from consuming it or gifting it away. This position is held by Al-Hasan, Malik, Al-Thawri, Al-Shafi'i, and the companions of the opinion (Ahl al-Ra'y). The basis for this ruling is that the master's right over the slave has not been completely severed, as the slave might fail to complete the payments and revert to his original status. Furthermore, the purpose of the *kitabah* (contract of manumission) is to achieve freedom upon full payment, and gifting away his wealth would jeopardize this objective. If the master grants permission for such actions, they become permissible.