All answers
Trading rulings
Is technical analysis halal, or is it fortune telling?
Answered by the ShariaQuant team
It is halal, and the doubt is worth taking seriously rather than waving away. Fortune telling claims knowledge of the unseen, which is a grave matter in Islam. Reading a chart is reading a record of what buyers and sellers have already done, which is closer to a farmer reading the sky, so long as you never speak about the future with certainty.
The fortune-telling doubtThis is Shariah screening and education, not financial advice. Rulings on newer products differ between scholars, so where a question is disputed we say so rather than pick a side for you. If your situation is unusual, ask your own scholar.