From a quick test this end none of the built in collations can represent all characters in that string in a single byte code page so you would need to use a unicode datatype.
SET NOCOUNT ON;
DECLARE @StringToTest nvarchar(2047) = N'بِسْمِ اللَّهِ الرَّحْمَٰنِ الرَّحِيمِ'
--The below without the problematic character returns 7 results
--DECLARE @StringToTest nvarchar(2047) = N'بِسْمِ اللَّهِ الرَّحْمَنِ الرَّحِيمِ'
CREATE TABLE #Results
(
name sysname
)
CREATE TABLE #Chars(
C NCHAR(1)
)
INSERT INTO #Chars
SELECT DISTINCT SUBSTRING(@StringToTest,number,1)
FROM master..spt_values
WHERE type='P' AND number BETWEEN 1 AND LEN(@StringToTest)
CREATE TABLE #Collations
(
code TINYINT PRIMARY KEY
);
WITH E00(N) AS (SELECT 1 UNION ALL SELECT 1), --2
E02(N) AS (SELECT 1 FROM E00 a, E00 b), --4
E04(N) AS (SELECT 1 FROM E02 a, E02 b), --16
E08(N) AS (SELECT 1 FROM E04 a, E04 b) --256
INSERT INTO #Collations
SELECT ROW_NUMBER() OVER (ORDER BY (SELECT 0)) - 1
FROM E08
DECLARE @AlterScript NVARCHAR(MAX) = ''
SELECT @AlterScript = @AlterScript + '
RAISERROR(''Processing' + name + ''',0,1) WITH NOWAIT;
ALTER TABLE #Collations ADD ' + name + ' CHAR(1) COLLATE ' + name + ';
EXEC(''UPDATE #Collations SET ' + name + '=CAST(code AS BINARY(1))'');
EXEC(''UPDATE #Collations SET ' + name + '=NULL WHERE ASCII(' + name + ') <> code'');
EXEC(''
IF NOT EXISTS(
SELECT *
FROM #Chars
WHERE NOT EXISTS(SELECT * FROM #Collations WHERE ' + name + ' = C COLLATE ' + name + '))
INSERT INTO #Results
SELECT ''''' + name + '''''
'');
'
FROM sys.fn_helpcollations()
WHERE name LIKE '%CS_AS'
AND name NOT IN /*Unicode Only Collations*/
( 'Assamese_100_CS_AS', 'Bengali_100_CS_AS',
'Divehi_90_CS_AS', 'Divehi_100_CS_AS' ,
'Indic_General_90_CS_AS', 'Indic_General_100_CS_AS',
'Khmer_100_CS_AS', 'Lao_100_CS_AS',
'Maltese_100_CS_AS', 'Maori_100_CS_AS',
'Nepali_100_CS_AS', 'Pashto_100_CS_AS',
'Syriac_90_CS_AS', 'Syriac_100_CS_AS',
'Tibetan_100_CS_AS' )
EXEC (@AlterScript)
SELECT * FROM #Results
DROP TABLE #Collations
DROP TABLE #Results
DROP TABLE #Chars