Forecasting based on statistics
Question
Is forecasting (based on previous known data using statistical models to estimate the future figures) stock market, sellings or demands, performance, weather, employment need haraam?
Answer
No, it is just an estimate.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
Questions about this ruling, answered only from the archive with sources.
Where scholars differ, it’s safer to take the more cautious view.
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/27216
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-27216
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