Well one should get "ijaza" or permission from a Shaykh who got permission from a Shaykh who got permission who got permission which a chain back to the Prophet

to teach a discipline.
This seperates Sunni Islam from all other Islam - that we have to have an authentic link to the Prophet

or else you don't have permission.
For example if you have permission in Maliki Fiqh then someone gave you permission who got it from someone who got it from someone who got it from someone in a chain back to Imam Malik (radi Allahu `Anhu) who took it from Imam Ja`far as-Sadiq (radi Allahu `Anhu) who took it from someone who took it from someone with a chain that reaches back to Rasul Allah

.
If you get a degree from a University you are not necessarily a Shaykh unless you have an ijaza in a link back to the Prophet

which says that you are a master of a specific discipline (fiqh, `aqeedah, tassawuf, tafsir, etc.).
By the way brother `Ali if you would like to know the fiqh of Sunni Islam I reccomend the following website:
http://www.guidinghelper.com/pdf goto "Explanatory Notes" and download them and read them and you will be insha Allah well versed in the Maliki madhab.
You should also read the articles on
http://www.masud.co.uk including those by Shaykh Nuh Keller:
What is a Madhab and Why do I need to Follow one?
How would you respond to the claim that Sufism is Bid`ah?
I will insha Allah get some more information on this for you on becoming a "Shaykh"
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