The story
Founded by Akbar Hashemi Rafsanjani in 1982.1
Headquartered in Tehran, Iran, the Islamic Azad University is the world's fifth-largest university. It was approved and ratified by the Supreme Council of the Cultural Revolution in 1982, having been founded and established by Akbar Hashemi Rafsanjani. The first large-scale private university in the Islamic Republic, Islamic Azad expanded rapidly in the 1990s, overtaking regular state universities in terms of total enrollment by the early 2000s. IAU has an enrollment of over 1.5 million students. IAU has promoted 'higher education for all' as its key objective, growing physically and academically to become one of the largest higher education institutions globally. IAU has two independent and 31 state university branches across Iran, and four branches in other countries: the U.A.E., the United Kingdom, Lebanon and Afghanistan. The university has accumulated assets estimated to be worth $20–25 billion.
The Islamic Azad University's activities quickly expanded throughout the country, so that As of 2016, thousands of new students were enrolled annually. Not relying on government funding, the university receives charitable donations and charges tuition fees.
The certificates issued by this university are recognized by the Ministry of Science, Research and Technology and Ministry of Health and Medical Education for medical education.
Endowment controversy
Iran's supreme leader declared the financial endowment of Islamic Azad University was "religiously illegitimate and unlawful", prompting a change within the administration of the institution.
From Wikipedia’s article on Islamic Azad University, shared under CC BY-SA 4.0.4