Ubayy bin Ka`b (May Allah be pleased with him) reported: The Messenger of Allah (PBUH) said: "Abu Mundhir! Do you know which Ayah in Allahs Book is the greatest?" I replied: "It is `Allah la ilaha illa Huwal-Haiyul-Qayum (Allah! none has the right to be worshipped but He, the Ever Living...)." (2:256) Thereupon he (PBUH) patted me in the chest and said, "Rejoice by this knowledge, O Abu Mundhir!"[Muslim].
Commentary:
The words cited in the Hadith occur at the beginning of Ayat-ul-Kursi (No. 256 of Surat Al-Baqarah of the Qur'an). The merits mentioned in the Hadith are for the whole Ayah. Ayat-ul-Kursi mentions the Majestic Attributes and Mighty Powers of Allah and is, therefore, very meritorious.
"Rejoice by this knowledge" means "May this knowledge be a source of respect, honour and benefit to you." And knowledge here stands for the knowledge of the Qur'an and Hadith which is certainly a means of success in this world and the Hereafter.
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