Is it permissible to name someone "Rawad"? Is it an Arabic name, and what does it mean?

There is no objection to naming with this name. It is a name that can be used as an adjective for a woman if its first letter is open [Raa’id], describing a woman who goes in and out frequently. If its first letter is pronounced with a damma [Ruwwad], it can be used as a plural form of "Ra'id," and a Ra'id is one who is sent forth to seek pasture and forage.