Document background
A Deposit Gift Letter is commonly used in the United Arab Emirates when one party wishes to formally gift a monetary deposit to another party. This document is particularly relevant in various scenarios, including family wealth transfers, corporate gifting, or charitable donations. The letter must be structured to comply with UAE Civil Code requirements, Islamic Shariah principles, and anti-money laundering regulations. It typically includes detailed information about the donor and recipient, specific gift amount, bank details, transfer instructions, and necessary declarations. The document serves as legal evidence of the gift transaction and helps prevent future disputes by clearly documenting the irrevocable nature of the gift. In the UAE jurisdiction, such letters are frequently used in conjunction with banking transactions and may require additional authentication depending on the gift value and circumstances.
