Course 04A · Wave 3

Halal Options — Part A: Debate & Alternatives

The options-permissibility debate, doctrine, and synthetic alternatives; a Personal Options Policy.

خيارات حلال — الجزء الأول

8 lessons · ~2.3h $199 Wave 3
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Educational only · SAB review workflow in progress · Not investment, legal, tax, or Shariah advice.

Purpose

The options-permissibility debate taken seriously: the majority prohibition on gharar and qabd grounds is presented first and in depth, the Hanafi minority view is documented, and cash-plus-screened-equity synthetic alternatives are built for investors who conclude options are not for them. Options are a contested area — nothing here markets them as universally halal.

Who it is for

All learners — whether you end up permitting or prohibiting options in your own policy, this is the doctrinal and mechanical foundation.

Prerequisites

Courses 01 and 02.

Curriculum · 8 lessons · ~2.3h
  • L01The Options-Permissibility Debate — Setting the Frame
  • L02Why the Majority Prohibits — Gharar and Qabd Grounds in Depth
  • L03The Hanafi Minority View — Urbun and the Permissive Position
  • L04Options Mechanics — For the Halal Investor
  • L05Synthetic Long — Cash + Screened Equity
  • L06Synthetic Hedge — Cash + Sukuk
  • L07Income Strategies — Halal Income Alternatives
  • L08Course 04A Wrap + Bridge to Course 04B
Capstone artifact — what you keep

Your Personal Options Policy — a documented position (including ‘no options’) you can defend.

Course facts
  • Price: $199 · single source of truth across the site
  • Shariah-sensitivity level: High — contested area
  • SAB / legal status: Built for SAB review · review workflow in progress
  • Language: English complete · Arabic localization in production
  • Refund policy: 14-day refund window — full refund provided less than 30% of the course has been viewed.
  • Certificate: Certificate of completion — not an accreditation. The durable deliverable is the documented artifact above.
Disclaimer. Educational only · SAB review workflow in progress · Not investment, legal, tax, or Shariah advice.
Request enrollment — $199
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