Dhaka, March 4 -- Expenditure on Corporate Social Responsibility (CSR) activities by Islamic banks in Bangladesh experienced a notable decline in the October-December quarter of 2024 than the corresponding period of the previous year.

According to a latest Bangladesh Bank (BB) report, banks spent Tk 0.78 billion on social programmes during the period, up from Tk 0.58 billion in the July-September 2024 quarter and significantly lower than Tk 1.29 billion in the same quarter of 2023.

CSR spending during the period under review declined by 39.53 per cent year on year compared to the October-December 2023 quarter.

Islamic banks undertake and implement various types of social programmes under its CSR activities.

Sources of funds of Islamic...