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The Deposit Gift Letter is a specialized document used in Saudi Arabia when one party (the donor) wishes to make a formal monetary gift to another party (the recipient) through a bank deposit. This document type is particularly important in the Saudi Arabian context as it must comply with both civil banking regulations and Islamic Shariah law principles regarding gifts (Hiba). The letter serves multiple purposes: it provides clear documentation of the gift's irrevocability, ensures compliance with anti-money laundering regulations, and creates a formal record of the transaction for both banking and legal purposes. Typically used in family wealth transfers, charitable donations, or other significant monetary gifts, the Deposit Gift Letter includes essential information such as party details, gift amount, banking information, and necessary declarations regarding the source and nature of the funds.

1. Date and Place: The date and location where the letter is executed

2. Recipient Details: Full name and address of the recipient of the gift

3. Donor Details: Full name and address of the person making the gift

4. Gift Declaration: Clear statement of intention to make an irrevocable gift of the deposit

5. Deposit Details: Specific amount and currency of the deposit being gifted

6. Bank Account Information: Relevant banking details for the deposit transfer

7. Source of Funds Declaration: Statement confirming the legitimate source of the gifted funds

8. Acknowledgment: Confirmation that the gift is made freely and voluntarily

9. Signature Block: Space for donor's signature and date