The subject of financial derivatives is one of the most controversial and diverse topics because it has negative and positive effects on economic activity, which appeared as an inevitable result of the most important economic and financial developments in the world, especially entering the era of financial globalization, lifting restrictions and liberalizing the movement of capital and the accompanying volatility of interest rates and foreign exchange rates, which led to a direct and significant impact on the increase in financial risks on financial and banking institutions and directly affecting their activity to the point of reaching the verge of bankruptcy. Hence, the collapse, based o