Gorakhpur, one of the biggest city of Purvanchal, is economically and educationally backward. There was no Degree College prior to 1991 for imparting education in Commerce. The University was not in a position to admit students who were desirous to join Commerce stream beyond limited seats. In such circumstances, most of the students had to bid goodbye to Commerce stream and were reluctantly compelled to offer Arts subject. Considering the long cherished demand of the students, particularly Minority community and weaker section of the society, Islamia Educational Society, Buxipur - Gorakhpur. A Society, registered under the U.P Societies Registration Act, came forward to establish a Degree College in the name of Islamia College of Commerce, Buxipur, Gorakhpur(U.P).
The dream came true when in the heart of the city, the College started in the year 1991 with B.COM. class having well furnished and best infrastructure and facility. Later on M.COM. & B.SC. classes started. The college is also running Vocational Course like: E-Commerce and Office Management & Secretarial Practice under the scheme of UGC, New Delhi. The Government Of Uttar Pradesh was pleased to declare the College as Minority Institution vide its order no 2554/15-19-95-3(2)93 dated 18 January 1996.
The College is also conducting Computer Courses, DCA & Multilingual DTP course of National Council for Promotion of Urdu Language, New Delhi ’O’ Level of DOEACC Society besides Tally course.
The Society has also obtained 5.5 Acers of land in educational sector from Gorakhpur Industrial Development Authority (GIDA) for imparting Professional Courses.