The Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC), was founded as a subsidiary organ of the Organisation of Islamic Cooperation (OIC) in pursuance of Resolution No. 2/8-E adopted by the 8th Islamic Conference of Foreign Ministers (ICFM), held in Tripoli in May 1977. The Centre started its activities in Ankara on 1 June 1978. The main original mandate, which has been drawn up for SESRIC in 1978, is threefold; to collate, process and disseminate socio-economic statistics and information on and for the utilisation of the member countries, to study and evaluate the economic and social developments in the member countries to help generate proposals that will initiate and enhance co-operation among them, and to organise training programmes in selected fields geared to the needs of the member countries as well as to the general objectives of the Organisation of Islamic Cooperation. 

A Memorandum of Understanding (MoU) was signed between the Participation Banks Association of Türkiye (TKBB) and the Statistical, Economic, and Social Research and Training Centre for Islamic Countries (SESRIC) to facilitate and strengthen cooperation in mutual working areas through the transfer of knowledge and expertise on sustainable development and the participation banking sector in OIC member countries.