The BMA does not propose to establish rules as to what constitutes a takaful product; this is a matter for each firm's Shari'a Supervisory Board. However, the BMA has an obligation to ensure that consumers of takaful products are afforded the same level of protection as that afforded to the purchasers of conventional insurance products. In addition, the BMA has an obligation to ensure that the operations of takaful firms do not represent a threat to the stability of Bahrain's financial services industry or wider economy.