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مَالِكُ ٱلْمُلْكُ
The Owner of All Sovereignty
Malik-ul-Mulk means The Owner of All Sovereignty. It refers to Allah as the One who owns every kingdom, authority, power, and possession. He gives honor and rule to whom He wills and removes it from whom He wills according to His perfect wisdom.
The name Malik-ul-Mulk comes from the Arabic root:
م ل ك (Meem-Lam-Kaf)
It is associated with ownership, kingdom, authority, rule, control, possession, and sovereignty.