The Institute of Chartered Financial Analysts of India University, Jharkhand popularly known as The ICFAI University, Jharkhand was established under sub-Section (2) of Section 4 of the Institute of Chartered Financial Analysts of India University Act, 2006 (Jharkhand Act 08, 2007). The ICFAI University, Jharkhand, is included in the list of universities maintained by the University Grants Commission (UGC) under Section 2(f) of the UGC Act, 1956, vide Notification No.F.8-17/2009 (CPP-I) dated December 16, 2009.

The University is a member of Association of Indian Universities (AIU).
The University is a member of Confederation of Indian Industry (CII).
The University is a Member of Association of Indian Management Schools (AIMS).