SITR is the transaction-layer monitoring infrastructure for Islamic banks, purpose-built for continuous Shariah surveillance, audit sampling, and compliance assurance.
Murabaha · MUR-20419
Aligned with the standards of
AAOIFI
Central Bank of Bahrain
ISO
SITR reads a bank’s Shariah-relevant records wherever they live, contracts, documents, or core banking feeds, and checks each against the rulings that govern it, flagging exceptions and producing audit-ready compliance evidence. The platform is structured around two deployment phases and two continuous functions.
Plug into your core banking system, documents, and transaction feeds.
Map your product types, Shariah rule sets, and exception thresholds.
4 of 4 checks active · AAOIFI SS 8 · Illustrative
Every transaction checked in real time, with exceptions flagged the moment they appear.
Audit samples, packaged evidence, and board-ready reports on demand.
SITR is built by a technology team specializing in applied machine learning and governance infrastructure for regulated financial institutions. We build systems designed to operate at the infrastructure layer, persistent, auditable, and institution-grade.
We are headquartered in Manama, Bahrain, working within the jurisdiction of the Central Bank of Bahrain and in close proximity to the standards set by AAOIFI.
Purpose-built for Islamic banks and Islamic windows of conventional banks operating in the GCC and broader MENA region.
Illustrative data
System Found
INTEREST property class set to recalc on outstanding principal; profit computes like interest
Ruling Requires
Profit fixed at inception (cost-plus markup), recognised over tenor against the asset sale
Governing Ruling
SSB-MUR-08/2023 clause 3.5
AAOIFI Shari'ah Standard No. 8 (Murabaha) §3/5
