A novel cyclometalated iridium complex with 1, 3, 4-oxadiazole moiety was synthesized and characterized. Its UV and photoluminescent properties were studied. The strong UV absorption intensity around 462 nm attributed to spin-forbidden triplet metal-ligand charge transfer band and photoluminescence at 518 nm were observed. This indicated that achieved iridium complex could be used as an efficient electrophosphorescent material.