Forecasting based on statistics

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: 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?

Bismillaah

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A: No, it is just an estimate.

And Allah Ta’ala (الله تعالى) knows best.

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

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