SITR Compliance Technology W.L.L., a Bahraini regulatory technology startup, has launched a real-time Shariah compliance monitoring platform in Bahrain. The platform is designed to monitor transactions against Shari’a Supervisory Board rulings and identify issues such as execution errors, documentation gaps, and changes to core banking parameters.
The platform integrates with core banking systems via read-only access, allowing it to review executed transactions continuously without requiring institutions to change their existing systems. It can also process contracts and supporting documents, including scanned PDFs.
What the platform offers
The platform is designed to support internal Shari’a audit teams and complement independent external audits. It is aligned with the Central Bank of Bahrain’s Shari’a Governance requirements and AAOIFI standards. SITR developed the product with input from Shari’a audit and compliance teams at Islamic financial institutions in Bahrain.
Market scope
SITR Compliance Technology W.L.L. is headquartered in Manama and plans to serve institutions in Bahrain and across the GCC, including Islamic banks, funds, brokerages, and consumer finance providers. The company is completing the final stage of its commercial licensing and plans to hire Bahraini talent across business development, operations, and product.
- Real-time Shariah compliance monitoring
- Integration with core banking systems via read-only access
- Processing of contracts and supporting documents
The launch of the platform was announced during Gateway Gulf 2026, held in Bahrain from November 1 to 2. SITR Compliance Technology W.L.L. is supported by the Bahrain Economic Development Board.
