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As for the Lafza-i Jalâl1 , اَللّه , within بِسْمِ اللّٰهِ , comprehends all the attributes belonging to His perfection (Kamâl) and necessarily indicates them. Through the mystery of indicating necessarily the attributes of the Essence of Taâ’lâ — unlike other proper Names in which there is no necessary indication — all the attributes belonging to His perfection (Kamâl) indicate necessarily to the name of اَللّه .
The reason for the positioning of the Names اَلرَّحْمنِ الرَّحِيمِ and being mentioned together with the Lafza-i Jalâl: just as from the Name اَللّه which is Lafza-i Jalâl, Glory (Jalâl) with its chain manifests, so does Beauty (Jamâl) with its chain manifest from the Names اَلرَّحْمنِ الرَّحِيمِ (Ar-Rahmân Ar-Rahîm). Since Glory and Beauty are two roots and sources when they start to manifest in each ‘âlam, branches originating from them come into existence like command and prohibition, reward and punishment, encouraging and threatening, tasbîh and tahmîd, fear and hope and so on…
Also, just as the Lafza-i Jalâl indicates the attributes pertaining to His Essence (As-sifât al-'ayniyyah)2 and the attributes pertaining to His being exalted from and free of defects (As-sifât at-tanzihiyyah), so does الرَّحِيم Ar-Rahîm allude to the attributes pertaining to His action other than His Essence (As-sifât al-ghayriyyah al-fii'liyyah)3 .
As forاَلرَّحْمن Ar-Rahmân, it indicates the Seven Attributes4 which neither pertain to His Essence nor other than His Essence. Yes, اَلرَّحْمن has the meaning of Ar-Razzâq, which consists of the bestowal of continuance. And continuance is the repetition of existence. And the existence necessitates attributes, which distinguish, specify and effectuate, and these are ‘Ilm, Irâdah and Qoudrah. Continuance, which is the fruit of the bestowal of rizq, necessitates the attributes of Basar (Seeing), Sam’ (Hearing) and Kalâm (Speech) so that Ar-Razzâq should see the needs of the recipient of rizq even if he does not ask it and the One Who gives rizq should hear the recipient's word when he asks and He should speak through intermediaries5 when there are some. And these six necessitate the seventh, which is Hayy (Life).
1 [Lafza-i Jalâl (لفظهء جلال ): The phrase of glory and grandeur describing the ineffable majesty of Allah. It denotes the Name ‘Allah’.) (Tr.)
2 (As-sifât al-'ayniyyah or As-sifât at-tanzihiyyah or As-sifât as-salbiyya or As-sifât adh-dhâtiyyah are Wahdâniyyah, Qidam, Baqâ, Mukhalafa lil-Hawadith, Qiyam bi Nafsihi and Wujûd.) (Tr.)
3 [As-sifât al-ghayriyyah al-fii'liyyah are the attributes like Ghaffâr (Forgiver), Razzâq (Provider), Muhyî (The Giver of life), Mumît (The Giver of death).] (Tr.)