On 5 November 2015, the Islamic Financial Services Board (IFSB) published a consultation on proposed guidance to supervisors on retakaful (explaining its basic concepts and guiding principles).  This aims to assist supervisors in providing rules and guidance to entities engaging in retakaful. Comments are invited until 4 January 2016.  On 18 November 2015, the IAIS and IFSB published a joint issues paper on microtakaful.  Amongst other matters, this identifies practices/models used for offering such products and challenges and potential issues arising from this.