Source: Tafsir al-Ahlam al-Kabir (Ibn Sirin)
The compass in a dream indicates guidance and righteousness. It is a knowledgeable man who guides people.
Source: Ta'tir al-Anam fi Ta'bir al-Manam (Al-Nabulsi)
The compass indicates salvation from confusion. Whoever sees a compass in his hand will be guided to the right path.
Source: Al-Isharat fi Ilm al-Ibarat (Ibn Shahin)
The compass is interpreted as a righteous man. Whoever sees it break will stray from the truth.