The initiatives include the application of risk-based capital system which affords takaful operators a more relaxed minimum capital requirements, the proportionate qualification requirements, which facilitate new entrants into the Takaful market in Nigeria, and most importantly, the Market Conduct and Enterprise Risk Management Guidelines for Takaful and Retakaful operators which were issued to ensure best practices and effective risk management. Furthermore, several stakeholder engagements and sensitisation workshops have been conducted to raise awareness and educate the public about Takaful and its benefits. We have and continue to collaborate with international standard setting organisations like the Islamic Financial Services Board, and Accounting & Auditing Organisation for Islamic Financial Institutions to provide requisite regulatory guidelines, technical training and support for the industry, among other initiatives.