[8] The university receives endowment from OIC member states and offers scholarships to allocated number of students in the form of tuition waiver and free accommodation.

It was proposed in the 9th Islamic Conference of Foreign Ministers (ICFM) held in Dakar, Senegal on 24–28 April 1978.

All the members of the Organisation of the Islamic Conference (OIC) agreed to co-operate for the implementation of the project.

Foundation stone of ICTVTR was laid by president Ziaur Rahman of Bangladesh on 27 March 1981 in the presence of Yasir Arafat, the then-chairman of the PLO, and Habib Chatty, the then-Secretary General of OIC.

The 22nd ICFM held in Casablanca, Morocco on 10–11 December 1994 renamed the ICTVTR as Islamic Institute of Technology (IIT).

IIT was formally inaugurated by Begum Khaleda Zia, prime minister of Bangladesh on 21 September 1995.

IUT was formally inaugurated by Begum Khaleda Zia, prime minister of Bangladesh on 29 November 2001.

[18] Over the past three decades IUT has expanded with the construction of new academic buildings, halls of residence, and student facilities.

The university started offering regular courses from December 1986 and completed 36 academic years in 2023.

Some statutory committees are formed to ensure management of programmes and activities in the relevant and related fields.

Students from the host country Bangladesh are selected based on placement test conducted by the university.

Similar to undergraduate admission, international students are selected by the nominating authority of the respective OIC member state.

The library is located on the first floor of the Library/Cafeteria building overlooking the lake on the eastern and western sides.

The library subscribes to numerous online and printed technical journals to support research work.

IUT has three self-service cafeterias (Central, North and Female) where residential students can take their meals.

The university attaches great importance to co-curricular activities and encourages the students to participate in various games and sports.

Throughout its journey, IUTDS has had glorious achievements both in Bangladesh, by becoming national champions, and internationally, by ranking highly at the World Universities Debating Championship (WUDC).

Along with these tangible achievements, IUTDS has also established a tradition and culture of free speech and exchange of ideas among its members.

In addition workshops on current mainstream applications/ technologies as well as seminars with notable personalities and professionals in the ICT sector are a regular part of the calendar events of the IUT Computer Society.

It creates a platform for the students to develop communication skills and prepare them for professional world through grooming sessions and seminars.

Islamic University of Technology Photographic Society (IUTPS) is an on-campus organization aimed to bring together the students who share interest in photography and creativity.

IUTPS arrange classes, organize regular photo walks, and intra photography competition.

The club helps to improve diplomatic and leadership skills as well as public speaking and critical thinking abilities of the students through various activities.

Founded in 1963 in the US, The Institute of Electrical and Electronics Engineers (IEEE) is world's largest technical professional organization with over 420,000 members in 160 countries.