He is the recipient of various accolades, including 10 Bangladesh National Film Awards (with two for Best Director) for the films Mrittika Maya (2013), Anil Bagchir Ekdin (2015) and Gor (The Grave) (2020).
[1][2][3][4] Rakayet passed his SSC exam from Gandaria High School in 1983 and HSC exam with an outstanding result from Notre Dame College, Dhaka in 1985.
[6] In 1988, he joined a team of stage actors at the Group Theatre Federation.
[6] Later he performed at Bailey Road for the first time in Kiron Mritya's Amrit Bish, directed by Syed Mohidul Islam.
He acted as Ishtiaque Mirza, a writer in Chorki's web film Munshigiri.