The Derivatives course covers the definition, philosophy and importance of derivatives in financial markets. The course reviews instruments such as margin calls, short selling and securitization, as well as the concept and types of financial innovations. It also discusses derivatives from an Islamic perspective, including Sharia-compliant investment instruments, defining their types, characteristics and areas of use. The course covers the origin of futures contracts and their use for hedging, pricing of financial options and their advanced concepts. It also provides a definition of the types of swap contracts and reviews the risks associated with them. The course helps students understand derivative instruments and their role in managing financial risks and enhancing investment efficiency.