The University Grants Commission (UGC) of Bangladesh, represented by its Secretary Dr. Md. Khaled, and the University of Liberal Arts Bangladesh (ULAB), represented by its Vice Chancellor Prof. Imran Rahman, signed a Memorandum of Agreement (MOU) on the Establishment of an Institutional Quality Assurance Cell (IQAC) on 12 January 2016 at the UGC Auditorium. Under the MOU, from January 2016 to December 2018, the parties agreed to undertake a collaborative venture to finance and implement a functional and dynamic IQAC in the university to ensure quality higher education. Such initiative is expected to benefit various stakeholders such as students, teachers, employers and the society at large.
The UGC aims to establish institutional quality assurance cells in every public and private university to develop a mechanism for the systematic review of institutional activities and study programs, to ensure quality teaching-learning, research, knowledge generation and support services standards at an acceptable level. All universities with more than 1,000 students are eligible to access the IQAC fund.