AL-HAMEED-The Praiseworthy The Sole-Laudable One

The One who is praised and is praiseworthy. He is the only One who deserves each manner of praise, honour and thanks for His inherent qualities and not only for specific favours. The praised One who deserves to be praised.
Allah, Exalted be He, says, “Surely, He is Praiseworthy, All-Glorious.” (Surat Hud, 11:73).
Al-Hameed means the One who is praiseworthy for His Being, names, attributes, all His statements and actions as well as His legislation and decree which revolves around His immense bounties and absolute justice.
He is worthy of all praise, is praised by all creatures and deserves to be praised because of the countless blessings and favours He has bestowed on them by creating them, providing for them, giving them all types of gifts and protecting them from misfortunes.

Benefits of belief in this name include the following:

Loving Allah, an action which prompts us to do all acts of worship sincerely for His sake, showing due respect to Him, worshipping Him alone and avoiding anything which He has forbidden.
Constantly remembering Allah, praising Him, thanking Him and extolling Him.
Being certain that Allah, Glorified and Sublime be He, is deserving of all praise, as He says, “All praise is due to Allah, the Lord of all the worlds.” (Surat al-Fatihah, 1:2). Thus, He deserves all the praise and thanks. As for the creation, they deserve only partial praise, for whenever we have something for which we are praised, Allah is more deserving of such praise.
Thanking Allah for His legislation (Sharee’ah), and showing contentment with whatever He decrees for us, for His decrees are based on His infinite kindness, immense mercy, absolute justice and immeasurable wisdom.

The One who is praised and is praiseworthy. The One who is worthy of all thankful praise. The One and only One who truly deserves all praise, honor and adoration.

The One who is exalted, praised and glorified by the very existence of creation. The One who deserves every manner of praise, exaltation and glorification, both public and private.

From the root h-m-d which has the following classical Arabic connotations:

to praise, to laud with deep feelings of adoration and submission
to praise one for something done by that one’s own will
to speak well of, honor, commend
to eulogize

This name is used in the Qur’ān. For example, see 22:64

The root h-m-d denotes the highest praise and honoring being offered with deep feelings of thankfulness, admiration, humility and submission.

Hamīd indicates one who is praised and praiseworthy due to his own inherent qualities, not due to any specific favor, and who does glorious works entirely of his own volition and according to his own will.

Shakūr denotes appreciation, gratitude or praise for some particular favor.

The root h-m-d is also the basis of the expression al-hamdulillāh (all praise is for Allah), as well as being the root of the names Ahmad (praiseworthy), Mahmūd  (praised) and Muhammad (much praised, or repeatedly praised).