Derivatives are one of the few advanced courses currently being taught in IBA, but after the 2008 financial crises, it has become evident that such complexities will indeed lead to market failure. The IFS supports the cause, and alongside Professor Arif Irfanullah, held a session to understand the loses that this Instrument can lead to and what the Shariah has to say about it. The session was conducted by our respected patron Dr. Irum Saba herself.