اَللَّهُمَّ اغْفِرْ لِي وَلِوَالِدَيَّ وَلِأُمَّةِ مُحَمَّدٍ، وَاجْعَلْنَا مِنْ أَهْلِ الْجَنَّةِ
Transliteration
Allahummaghfir li wa liwalidayya wa li'ummati Muhammadin, waj'alna min ahlil-jannah
English meaning
O Allah, forgive me, my parents, and the ummah of Muhammad, and make us among the people of Paradise.
When is it recited?
During the hour of acceptance after Asr on Friday.
Its virtue
On Friday there is an hour in which if a Muslim asks Allah for anything, He grants it.
Source
Hour of acceptance — Bukhari, Jumu'ah 37