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The Confirmation of Deposit Letter is a crucial banking document used in Saudi Arabia to formally acknowledge and document the placement of funds with a banking institution. This document is typically issued when a customer makes a significant deposit or opens a term deposit account, serving as official evidence of the transaction and the agreed terms. The letter must comply with Saudi Arabian banking regulations, including SAMA requirements and Islamic banking principles, making it distinct from conventional deposit confirmations used in non-Islamic jurisdictions. It contains essential information about the deposit, including the amount, duration, profit-sharing arrangements (instead of interest), and any special conditions attached to the deposit. The document is particularly important for corporate governance, audit purposes, and as proof of funds for various business and personal transactions.

1. Bank Details and Letterhead: Official bank letterhead including bank's name, branch, address, and contact information

2. Reference Number: Unique reference number for the deposit confirmation

3. Date: Date of letter issuance

4. Customer Information: Full name and address of the depositor as registered with the bank

5. Account Details: Relevant account number and type

6. Deposit Confirmation: Clear statement confirming the deposit amount, currency, and date of deposit

7. Terms of Deposit: Duration of deposit, profit rate (if applicable), and maturity date

8. Profit Distribution: Details of how and when profit will be paid (in compliance with Sharia principles)

9. Authentication: Authorized bank signatory details and official stamp