Iftar, refers to the evening meal for breaking the daily fast during the Islamic month of Ramadan. Or a meal served at the end of the fasting day during Ramadan, to break the day's fast. Literally, "breakfast." Iftar during Ramadan is often done as a community, with Muslims gathering to break their fast together. . It is better to offer 'Magrib Namaz/salat' and then break one's fast, preferably with water, milk or Dates.
The following Dua may be recited at the time of breaking one's fast
ALLAAHUMMA LAKA S'UMTU WA A'LAA RIZQIKA AFT'ARTU WA A'LAYKA TAWAWKKALTU