Rafiqul Islam School & College was established in Abdul Latif Bhuiyan Road, New Town Matuail, Demra, Dhaka in December 2014. It was established by ''Mohammad Rafiqul Islam Trust''. In keeping with the ideals of social justice special emphasis is to be given to students who would otherwise be deprived of opportunity for such a quality and value based education due to their economic condition, ethnic, rural or otherwise backward or deprived social situation. The educational objective is to instill in the student a love of God, his country and wisdom. Emphasis is given to character formation.

Rafiqul Islam School & College is seen as a family. All the students, teaching and non-teaching staff and administrative staff are the members of RISC Family. RISC Family life is based on mutual respect, love, sharing of responsibility and common interest for the integral formation of the students. Here every one performs duty with sincerity, competency, and compassionately which bring a unique dimension to the RISC Family. The glory of  Rafiqul Islam School & College does not lie on its glorious exam result only, but also in the opportunity it offers for the poor, under privileged and tribal students coming from different parts of the country.

At the present time the College receives no financial aid from the government of Bangladesh. It is supported entirely by tuition fees collected from the students.