The Seventh Islamic Conference of Foreign Ministers, held in Istanbul from May 22 25, 1976 approved the common aspirations of the Islamic countries to promote and enhance commercial and industrial cooperation among the Islamic World by setting up an organization / institution that would assemble the business organizations of the Islamic countries.  

In line with the significance of this resolution, particularly at the level of the private sector of the Islamic Countries, the first Conference of the Chambers of Commerce & Industry of the Islamic States was held in Istanbul from October 17 21, 1977.
 
During the said Conference, a resolution was unanimously adopted for establishing the Islamic Chamber of Commerce, Industry and Agriculture. Thereafter, on the offer of the Government of Islamic Republic of Pakistan, the Headquarters of the Islamic Chamber of Commerce, Industry and Agriculture was established in 1979 in Karachi (the economic and commercial capital of Pakistan), with Diplomatic Status. 

The Islamic Chamber of Commerce, Industry and Agriculture is an affiliated institution of the Organization of Islamic Cooperation (OIC) and solely represents the private sector of 57 Member Islamic Countries.

It aims at strengthening closer collaboration in the field of trade, commerce, information technology, insurance/reinsurance, shipping, banking, promotion of investment opportunities and joint ventures in the Member countries.