AL-MALIK-The King and Owner of Dominion The Eternal Lord
Benefits of belief in these names include the following:
The One who is king of all beings. The One who is the owner and ruler of this world.
The One who has supreme authority, and who is relied upon by everyone.
The One who has all ruling power over all beings, and is ruled by none.
From the root m-l-k which has the following classical Arabic connotations:
to possess, to own exclusively
to exercise authority to command
to have power over, command, reign
to have dominion over, to have ruling power
to have kingship
This name is used in the Qur’ān. For example, see 59:23
The name Malik signifies king, while the name the name Mālik, by virtue of the ā which intensifies the meaning, signifies something that is in some way greater than a king, and is often translated as master or lord. However, the exact differences between these names are not universally agreed upon.
By some traditions, al-Malik is considered to be the owner and king of this world, or of the beings of this world, while Mālik al-Mulk is considered to be the supreme lord and master of all worlds, the known and the unknown, the manifest and the un-manifest.