A Khatam Sharif is a fixed devotional prayer which consists of reciting Qur'an & Durood and then conveying the blessings and rewards earned to the deceased Muslim Ummah. This is also known as Isaale Sawaab.
The following represents our Khatam Sharif. It is recited by each individual in the zikr gathering before the zikr begins. Once all have completed the recital they convey their deeds to one indiviual, the Imam in the gathering, who is given the responsibilty of representing everyone. The Imam then sends the rewards on behalf of everyone in the following manner.
A) He will recite Durood Sharif
B) Ask Allah (swt) for mercy & forgiveness for errors
C) Ask Allah (swt) to accept everyone's recitation and pass the reward onto:
Our Holy Prophet (saw)
His Noble Family
All the Sahaba-e-Karim (Companion of our Holy Prophet) & their following generations
All Awliya-Allah (Friends of Allah (swt)
All Ulema-e-Karim, Muhadaytheen, Mufassayrin (Alims, Scholars of Haidth & Scholars of Qur'an)
Then mention any other person you know by name either member of your family, relative or friend
All Ummah of our Holy Prophet (saw)
D) Read Durood once more and complete the dua.
In this manner the reward will be conveyed equally to millions of Muslim souls. They will all receive equal reward & be very pleased with the offering. It is a small Khatam Sharif but the rewards are great and numerous and everyone benefits.
This is our Khatam Sharif:
Bismillah Sharif x3
Bismillah Ar Rahman Nir Raheem
Durood Ibrahim x3
Allahumma Salli ala Muhammadin wa ala aali Muhammadin
kamaa sallayta ala Ibrahim wa ala aali Ibrahim innaka ameedun majeed,
wa baarik ala Muhammadin wa ala aali Muhammadin
kamaa baarakta ala Ibrahim wa ala aali Ibrahim innaka ameedun majeed.
Surah Fatiha x3
Al hamdu lillaahi rabbil 'alameen
Ar-Rahman ar-Raheem Maaliki yaumid Deen
Iyyaaka na'abudu wa iyyaaka nasta'een
Ihdinas siraatal mustaqeem
Siraatal ladheena an 'amta' alaihim
Surah Ikhlas x3
Qul huwa Allah hu ahad
Allah hu 's-samad
Lam yalid wa lam yulad
Wa lam yakun lahu kufuwan ahad