The club was established under name OIK (; ) in 1961 as sport society of Azerbaijani Armed Forces and was funded by USSR Ministry of Defense until 1990 and Azerbaijan Ministry of Defense since 1993.
The club was founded in 1961 under the name OIK (; ) as a sports organization for the Azerbaijani Armed Forces, receiving funding from the USSR Ministry of Defense until 1990 and subsequently by the Azerbaijan Ministry of Defense since 1993.