Hadith: Supplications said at the time of distress: There is no god but Allah, the Great, the Compassionate. There is no god but Allah, the Lord of the Mighty Throne. There is no god but Allah, the Lord of the heavens, the earth, and the Honorable Throne
عن عبد الله بن عباس -رضي الله عنهما- أن رسول الله -صلى الله عليه وسلم- كان يقول عند الكرب: «لا إله إلا الله العظيم الحليم، لا إله إلا الله رب العرش العظيم، لا إله إلا الله ربُّ السماوات، وربُّ الأرض، ورب العرش الكريم» . [صحيح.] - [متفق عليه.] المزيــد ...
‘Abdullāh ibn ‘Abbās (may Allah be pleased with him) reported that the Messenger of Allah (may Allah's peace and blessings be upon him) used to say at the time of distress: "There is no god but Allah, the Great, the Compassionate. There is no god but Allah, the Lord of the Mighty Throne. There is no god but Allah, the Lord of the heavens, the earth, and the Honorable Throne." [Sahih/Authentic] - [Al-Bukhari and Muslim]
This Hadīth is a proof that distress and sadness are only removed by Allah. If these words are said by the believing servant in times of fear and/or distress, Allah will grant him security. Remembering and supplicating Allah, the Almighty, make all difficult things easy and remove all hardships. When Allah, the Almighty, is mentioned, difficulties become easy, hardships are alleviated and removed, and distress is relieved. The wisdom behind mentioning Allah's name Al-Halīm is that the distress experienced by the believer is often a result of his/her negligence or not performing acts of worship properly. Therefore, this name gives one hope of being forgiven, and thus reduces one's sadness.
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