ISU has come into being under the Private University Act, 2010 with the approval of UGC and the Ministry of Education, Govt. of the People’s Republic of Bangladesh. It has been founded by the ‘International Standard University Trust’ and is managed by a Board of Trustees, composed of the philanthropic industrialists from Standard Group who are committed to imparting quality education to the students. As a part of their CSR activity, the founders aim at building the university as purely a non-profit institution.