yaseeneducation:

By reciting Surah al-Fatihah, man cuts his hope from other than God by saying, “Bismillah” {In the Name of Allah}.

2. By saying “Rabbi’l-‘alamin” {Lord of all the worlds} and “Maliki yawmi’d-din” {Master of the Day of Retribution}, he feels that he is the servant {marbub} and the one who is ruled {mamluk}. 

3. By reciting the phrase, “Rabbi’l-‘alamin,” he establishes a connection between himself and the universe. 

4. By “Ar-rahmani’r-rahim” {the All-beneficent, the All-merciful}, he see himself under the aegis of His vast favor.

5. By “Maliki yawmi’d-din” {Master of the Day of Retribution}, his negligence of the Day of Resurrection will be erased.  

6. By “Iyyaka na‘bud” {You {alone} do we worship}, he abandons his selfishness and desire for fame.

7. By “Iyyaka nasta‘in” {to You {alone} do we turn for help}, he removes from his mind the idea of seeking help from other than God.

8. By “An‘amta ‘alayhim” {You have blessed}, he understands that the distribution of favors lies in His hand and envy must be abandoned because the envious one in reality is not satisfied with God’s manner of deciding on and allocating sustenance.

9. By “Ihdina’s-sirata’l-mustaqim” {Guide us on the straight path}, he wants to ask for firmness in treading the path of truth.

10. By “Sirat alladhina an‘amta ‘alayhim” {the path of those whom You have blessed}, he declares his solidarity with those who have traversed the way of God.

11. And finally, by “Ghayri’l-maghdubi ‘alayhim wa la’d-dallin” {such as have not incurred Your wrath, nor are astray, he declares disavowal of falsehood and the people of falsehood.

A Commentary on Prayer,http://www.al-islam.org/a-commentary-on-prayer-muhsin-qaraati/8.htm