I have named my business as AXE Technologies (or may be AXE Solutions). Axe is a tool used to chop woods to earn money. I name it so with a reference of a Hadith of Sunan Abu Dawood book 9, Hadith 1637, in which a beggar came to Prophet Muhammad Sallallahu Alaihi wa Sallam and the Prophet Muhammad Sallallahu Alaihi wa Sallam helped him purchase an axe and Prophet Muhammad Sallallahu Alaihi wa Sallam asked him to chop woods instead of begging. The questions are 1) Is the name “AXE” permissible? 2) Does it really have a good meaning in its root or should I change it? 3) If it is permitted, can I have a Niyyat of Barakat in it as the intention is the reference of the Hadith.
It is undoubtedly correct and permissible to name the company as AXE Technologies or AXE Solutions. Since the questioner has taken the name from the blessed hadith, it can be hoped that, as per his intention Allah Ta’ala will bless in his business as well.
ALLAH KNOWS BEST