As Salamu Alaikum wa Rahmatullahi wa Barakatuhu
The Meanings of Its Words
Alhamdulillah:
Al-Hamd is praising Allah with His perfect Attributes, loving Him, glorifying Him, and exalting Him.
Rabbil-'Alamin:
Ar-Rabb is the worshipped King, the Disposer of Affairs. He is the Educator of all the worlds with all types of education. He is the One Who created them, provides for them, and blesses them with blessings that are apparent as well as hidden. Al-'Alamin. All that exists other than Allah Almighty.
Ar-Rahmanir-Rahim:
Two of Allah's Names that indicate that He is the Possessor of the vast magnificent mercy that reaches everything, and embraces every creature. He is Ar-Rahman, with a mercy that is for all the creation in this world. Ar-Rahim, with a special mercy for the believers. Allah Almighty says:
And He is Ever Merciful to the believers.
(Surah Al-Ahzab 33:43)
And He said:
Say: "Invoke Allah or invoke the Most Beneficent (Allah) by whatever name you invoke Him (it is the same), for to Him belong the Best Names."
(Surah Al-Isra' 17:110)
Maaliki Yawmid-Deen:
The One Who alone has control on the Day of Recompense and Reward, the Day when everyone is rewarded for this deeds – if good, then the recompense is good, and if evil then the recompense is the same, except for he whom Allah Almighty pardons. He said:
And what will make you know what the Day of Recompense is? Again what will make you know what the Day of Recompense is? (It will be) the Day when no person shall have power (to do) anything for another, and the Decision, that Day, will be (wholly) with Allah.
(Surah Al-Infitar 82:17-19)
Al-Maalik: He is the One Who is attributed the most perfect attributes of majesty by which the title King is deserved. It indicates that He orders and forbids, rewards and punishes, dispensing with all matter in the higher and lower worlds with complete control, with the rulings of Preordainment, of legislation, and of reward. That is why He mentioned His Sovereignty over the Day of Recompense, which is the Day of Resurrection, for on that Day Allah Almighty will recompense the creatures according to their deeds and will give a just recompense.
Iyyyaaka Na'budu wa Iyyaaka Nasta'een:
You (Alone) we worship, and You (Alone) we ask for help. We worship none other than You, we seek help from none other than You when asking and we rely upon none other than You. This phrase signifies a covenant between the worshipper and his Lord-that the worshipper will worship Him Alone and seek help from Him Alone.
Al-Ibaadah: (worship) is a comprehensive term for all that Allah loves and is pleased with, it includes sayings and deeds that are both apparent and hidden.
Ihdinas-Siraatal-Mustaqeem:
Guide us, lead us and keep us on the straight path, the path in which there is no crookedness, that is knowledge and application of the truth, both of which lead to Allah, His Paradise and His Generosity.
Siraatal-Latheena An'amta 'Alaihim:
i.e. the path of those You have blessed with guidance and facilitation to faith and righteousness. These are the Prophets, the truthful believers, the martyrs and the righteous.
Ghairil-Maghdhoobi 'Alaihim waladh-Dhaaleen:
They are the ones who recognized the truth but abandoned it the Jews and those like them.
Following other than the path of the misguided ones, refers to those who have strayed from the truth, such as the Christians and those who are like them that have forsaken knowledge: they wander in their misguidance without being guided to the truth.
Both inside and outside of the prayer, when you finish reciting the Surah, it is recommended to say,
Ameen, which means
"O Allah, answer us." The Prophet (Sallallahu 'Alayhi wa Sallam) will say "Ameen" after reciting this Surah, and he ordered us to do so as well. It is confirmed from the Prophet (Sallallahu 'Alayhi wa Sallam) that Surah Al-Fatihah is the greatest chapter of the Qur'an and that there is no prayer for the one who doesn't recite it.