Department of AYUSH, Ministry of Health and Family Welfare, Government of India gave accreditation to the academy in 2004 and promoted it as 'centre of excellence' in 2008.

[citation needed] From 1965 to 1970, a monthly journal with the title Al-Hikmat (in Urdu) from Delhi was published under the auspices of Tibbi Academy under the editorship of Syed Zillur Rahman Nadvi.

He stressed that Al-Hikmat would be a purely scholarly journal not confined to Unani medicine: It would include some articles on basic sciences, that is, zoology, botany, chemistry, physics, astronomy and philosophy.

[citation needed] In 1970, Hakim Syed Zillur Rahman renamed the Tibbi Academy as Shifaul Mulk Memorial Committee after his teacher, Shifaul Mulk Hakim Abdul Latif (29 April 1900 – 14 November 1970), former professor and principal of Ajmal Khan Tibbiya College, Aligarh Muslim University.

Books in many languages like Arabic, Persian, Urdu, Sanskrit and English on subjects like History of Medicine and Sciences, Unani, Medieval medicine, Ilmul Advia (Pharmacology), Urdu Literature with special reference to Ghalib, Iqbal, Aligarh and Sir Syed Ahmad Khan, besides thousands of bound volumes of magazines are extant in this library.

The museum has categorically the illustrations and busts of physicians belonging to Mesopotamia, Babylonian, Egyptians, Greeks, Arab and Indian civilizations.

The Crockery Gallery has a large collection of oriental and British India utensils, plates, bowls, tea-set belonged to many prominent personalities like Hakim Ajmal Khan, Nawab Yusef Ali Khan, Kaikhusrau Jahan, Begum of Bhopal, Sultan Shah Jahan, Begum of Bhopal, etc.

The Textile Gallery consists of attires, garments, calico of gold and silver studded stones and many other oriental clothes.

Miscellaneous Gallery has many objects of coins, postage stamps, gemstones, engravings including vintage cameras, clocks, busts, pens, memoirs and relics of some prominent personalities.

AIDS Cell of the academy is dedicated to improving lives, knowledge, and understanding worldwide through a highly diversified programme of research, education, and services in HIV/AIDS screening and prevention, care and treatment, reproductive health and infectious diseases.

It has a separate library of documents relevant to HIV/AIDS project management, research, and reproductive health issues apart from CD-ROMs, poster and books in several languages.

AIDS Cell of IAMMS claims responsibility of holding Symposium on Medico-Social implication of the emerging epidemic of HIV/AIDS on India, Free Health check-up and Drug Distribution camp.