AL-BAASIT-The Extender

Al-Qaabid, Al-Baasit is the One who withholds and extends. He contracts when it is good and He expands when it is good. At time He withholds and at other times He gives. This goes for provisions (rizq), life and death. The One who constricts the sustenance by His wisdom and expands and widens it with His Generosity and Mercy.
The Prophet (may Allah bless him and grant him peace) said, “Allah is the one Who fixes prices and who withholds and gives abundantly.” (Reported by At-Tirmidhee and Abu Daawood)
The meaning of these two names is included in the verse, “Allah withholds and gives abundantly.” (Surat Al-Baqarah, 2:245)
These two names are among those names of Allah which always come together, for absolute perfection is realised in their combination, and they cannot be used separately. Allah is the One who takes away souls, provision and whatever He pleases as well as the One who gives sustenance, mercy and whatever He wishes. He does this in His infinite wisdom and absolute knowledge. He stretches out His Hands so that sinners may repent and turn to Him.

Benefits of belief in these names include the following:

Loving Allah who shows mercy, provides sustenance, gives abundantly and who is the only one who can give and withhold.
Relying on Him and entrusting our affairs to Him alone, Exalted be He.
Showing contentment with whatever Allah provides and whatever He takes away, which He does in His infinite wisdom and absolute knowledge.
The best thing we can ask Allah for is guidance, mercy and forgiveness. Apart from this, we can only ask for things sanctioned by His law.
Taking care not to use what Allah has given us to do things that may bring His wrath on us; rather, we should show gratitude to Him.

The One who makes ample and plentiful all that is needed. The One who expands and amplifies all abundance.

The One who makes the way wide and open. The One who stretches out a helping hand to mankind. The One whose open hand releases joy, comfort and abundance.

The One who infuses the soul into body. The One who has filled the heart with spiritual abundance. The One whose glory and abundance fill and expand the heart.

From the root b-s-t which has the following classical Arabic connotations:

to expand, enlarge, extend
to grant abundance, to provide amply
to spread, widen, to make spacious
to extend a hand

The term Bāsit is not specifically used as a Beautiful Name in the Qur’ān.

The term Bāsit includes a powerful and majestic sense of infusing into something a gift which will grow and flourish in great abundance.

Qābid (constrictor) and Bāsit (expander) are opposites.

The Arabic lexicon and commentary Tāj al-‘Arūs, as interpreted by E.W. Lane, says:

Qabd [Qābid] and Bast [Bāsit] are terms applied by the investigators of truth among the Sūfīs to the two contrary states of the heart, from both of which it is seldom or never free: the former being an affection of the heart withholding it from dilation and joy; whether the cause thereof be known, as the remembrance of a sin or an offense, or of an omission, or be not known…