Hossain was given the title of Khan Bahadur by the British government.
[2][3] Khan Sahib Sheikh Musharraf Hossain School and College was established in Tungipara, Gopalganj District in his name.
[citation needed] His son, Sheikh Kabir Hossain, was the founding chairperson of the Khan Sahib Sheikh Musharraf Hossain School and College.
[4] Hossain's nephew, Sheikh Mujibur Rahman, is the founding father of Bangladesh.
[5] He had a daughter, Hamida Khanom Ranu, and a son, Sheikh Kabir Hossain.