BIPL becomes the first Islamic Bank to become part of KE's Centralized Billing Mechanism Program

February 22, 2019: BankIslami Pakistan Limited (BankIslami) has entered into an agreement with K-Electric Limited (KE) to enroll in their Centralized Billing Mechanism (CBM).

By signing the agreement, BankIslami becomes the first Islamic bank to enter this program.

The signing ceremony was held at BankIslami head office, attended by Mr. Farooq Anwar, Head of Operations, BankIslami, Sadarudin Pyar Ali, Head of Administration, Bankislami,and Mr Amer Zia, Chief Distribution Officer, K-Electric, amongst other senior executives of both companies.

Under the agreement, CBM consumers will be able to make a single centralized payment to pay for multiple due payments for all their KE meter connections.

A designated KE Corporate Consumer Desk will also be available to assist consumers to facilitate them in exemptions from late payment surcharges and exemption from disconnection.

The desk will also fast-track processing of new connection requests and serve as a way to promptly resolve technical or billing complaints.