On 22 October 2015, the IAIS and the Islamic Financial Services Board (IFSB) published a joint final draft paper on Issues in Regulation and Supervision of Microtakāful (Islamic microinsurance).  The paper aims to provide guidance on establishing an enabling environment for development of the sector.  Amongst other matters, it considers microtakāful models, the overarching regulatory framework and challenges faced by providers of such cover and their regulators.