Praise be to Allah.
Al-Rasheed is not one of the Names of Allah, because it was not narrated either in the Quraan or in the Saheeh Sunnah. The Names of Allah are as they were narrated (with no room for ijtihaad). It is not permissible to call Allah by any names other than those by which He called Himself or He was called by His Messenger (peace and blessings of Allah be upon him).
And Allah knows best.
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