Majaz
Majaz is originally an Arabic lexical term (مجاز, majāz) meaning 'figurative' or 'metaphorical' and has been used as a takhallus (pen-name) in Urdu; from that literary usage it is also adopted as a rare masculine given name.
Yes — the most prominent attestation is the Urdu poet Asrar-ul-Haq Majaz (1901–1955), who used Majaz as his takhallus (pen-name).
The specific proper name 'Majaz' does not appear as a personal name in the Qur'an; the root concept of literal versus figurative speech is discussed in Arabic rhetorical literature, but there is no Quranic verse that names an individual 'Majaz'.
Majaz is rare but appropriate if the parents wish to emphasize literary, poetic, or rhetorical associations; it is recognizable in Urdu literary contexts.
In both Urdu and Arabic it is written مجاز (majāz).