Please also tell me the significance of naming my child as “Azaan”?

Answer:

(Fatwa: 879/551/L=1432)

Azan means to inform, warn etc. It is not proper to keep it as name of a child since Azan has become a term.

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband