Is it permissible to introduce derivatives into a stock market simulation program designed to train students and interested individuals, given the existence of lawful and unlawful elements in the stock market?

It is not permissible to train on prohibited matters, such as dealing in financial derivatives on the stock exchange, due to the presence of gharar (excessive uncertainty) and qimar (gambling) therein. Resolutions of Islamic Fiqh Academies have stipulated the impermissibility of forward contracts that are traded uncovered, and dealing in futures contracts.