الْحَمْدُ لِلَّهِ الَّذِي كَسَانِي هَذَا الثَّوْبَ وَرَزَقَنِيهِ مِنْ غَيْرِ حَوْلٍ مِنِّي وَلَا قُوَّةٍ
Transliteration
Alhamdu lillahilladhi kasani hadhath-thawba wa razaqanihi min ghayri hawlin minni wa la quwwah
English meaning
All praise is for Allah who has clothed me with this garment and provided it for me, with no power or might from myself.
When is it recited?
Recited when putting on new or clean clothing.
Its virtue
Past and future sins are forgiven.
Source
Abu Dawud, Libas 1, 4023; Tirmidhi, Da'awat 107, 3560