Ubaid (also spelled as Obaid) is an indirect Quranic name for boys that means “servant”, as in “servant of Allah”. Ubaid is the name of many companions of the Prophet ﷺ, such as Ubaid al-Ansari and Ubaid Abu Abdurrahman. It is derived from the AIN-B-D root which is used in many places in the Quran.
The word will not be changed with Me, and never will I be unjust to servants. (Quran 50:29)