The elephant is indicative of a great king.Shaykh Shihaab-ud-Deen said: For the one who possesses it or ride it, it indicates that he will gain control over a man of high position or it may refer to a slave who comes from the country that elephants come from. For the one who is afraid and is in a country other than theelephant’s country of origin, it signals doom because Allah says: It may also signify a mount or a house.
Someone else said: It signifies a man who is cursed, because it is oneof the transformed [i.e., humans who were transformed into animals asa punishment].
A man said to Ibn Sireen: I dreamt that I was on an elephant. He said: The elephant is not one of the mounts of the Muslims; I fear that you will follow a religion other than Islam.
Another interpreter said: If he rides it, he will attain a position of authority, but if he does not ride it, he will lose his position and incur losses in his wealth. If an elephant strikes him with its trunk, he wall acquire some wealth. The same applies if he takes some of its dung,and if he holds it by its trunk he will earn some wealth from a king. If he dreams that he sees a dead elephant in a particular city, a prominent man there will die.