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Islamia College of Commerce was established in 1966 as a private institution to impart commerce education up to intermediate level. It was upgraded to degree level (B. Com.) in 1970 when University of the Punjab granted affiliation to teach B. Com Classes. This institution was nationalized on 01-09-1972. It has been working under the aegis of Education Department, Government of the Punjab since its nationalization. The premises of this college spread over an area of 50 kanals comprising Admn. Block, Academic Block, Computer Labs, Dispensary, vast play ground, lush green lawns, Principal’s lodge, servant quarters, beautiful flowerbeds and all around boundary wall. There is a well equipped library, enriched with the latest editions of commerce related books. The institution has got prestige with the start of M. Com. Classes under world – wide renowned University of the Punjab, Lahore. The affiliation to teach M. Com. Classes was granted by the aforesaid University authorities under Semester system since 1992. Our M. Com. programme was temporarily suspended due to change in examination system from semester to annual system by Punjab University. The M.Com morning & afternoon programme has been reinstated under annual system since 2015. Now M.Com classes for morning and afternoon shifts are successfully running. In addition, the college has also started BBA (BSBA) classes. As per policy and instructions of the government classes of I.Com, B.Com & M.Com in first and second shifts are in operation with an ever increasing turn-up and BBA (BSBA) classes under Semester System is also in operation w.e.f 2019.