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In 1983 Rashid received his bachelor's degree in architecture from Carleton University (Canada) and in 1985 received a Master of Architecture degree from the Cranbrook Academy of Art in Bloomfield Hills, Michigan. Rashid's academic career includes visiting professorships at several universities, including the Royal Danish Academy of Fine Arts in Copenhagen, the Southern California Institute of Architecture (SCI-Arc) in Los Angeles, the Harvard University Graduate School of Design, the Berlage Institute in Amsterdam, the University of Michigan (Ann Arbor) and the Lund University. Since 1989, Rashid has been an Associate Professor of Architecture at the Graduate School of Architecture, Planning and Preservation at Columbia University in New York, where he launched the "Advanced Digital Design" (1992) and the "Digital Design Initiative" (1995). In 2004, he received a professorship at the Cátedra Luis Barragán in Monterrey, Mexico and from 2006 to 2009 he was a professor at the Swiss Federal Institute of Technology in Zurich. In 2008, Rashid was the recipient of the Kenzo Tange Visiting Professor Chair at the Harvard University Graduate School of Design. He was also a member of the jury for the Aga Khan Award for Architecture. From 2009 to 2011 he was a guest professor at the School of Architecture at Princeton University.
In 2000 Rashid represented the U.S. at the Seventh International Architecture Biennale in Venice, Italy. In 2004, Asymptote Architecture was selected as the design architects of Metamorph, the Ninth Venice Architecture Biennale.
Asymptote Architecture was awarded the prestigious Frederick Kiesler Prize for Architecture and the Arts in recognition of exceptional contributions to the progress and merging of art and architecture.
Since its inception in 1989, Asymptote has received awards for visionary building construction, master planning, art installations, exhibitions, product design as well as spatial landmark for digital environments. Since October 2011 Rashid has been a professor at the University of Applied Arts Vienna.
Rashid's work as principal of Asymptote includes among others 166 Perry Street, a luxury residential building in Manhattan's Westvillage, the Yas Viceroy Abu Dhabi Hotel a luxury hotel and one of the main architectural features of the new Yas Marina development and accompanying Formula 1 raceway circuit in Abu Dhabi and the HydraPier Pavilion in Haarlemameer the Netherlands.
Asymptote's Portfolio also includes some high-profile interior work such as the New York Stock Exchange Advanced Trading Floor, the American flagship stores for Carlos Miele and Alessi and the Carlos Miele Store in Paris.
Other projects include the winning entry for the World Business Center Solomon Tower in Busan, South Korea in 2007, a large-scale cultural, hotel and performing arts complex in Penang, Malaysia and the Strata Tower in Abu Dhabi.
- Middle East Architect Awards, Hospitality Project of the Year, The Yas Hotel (2011)
- Travel + Leisure Design Awards, Best Large Hotel, The Yas Hotel (2010)
- Grand Prix de l'Architecture, Festival Automobile International (2010)
- IESNA Illumination Award (2010)
- Le Grand Prix de l’Architecture, FAI, Paris, The Yas Hotel (2010)
- American Architecture Award, Chicago Athenaeum Museum of Architecture and Design (2008)
- AIA NY Chapter Design Award, Interior Architecture (2007)
- AIA New York Chapter Design Award, Interior Architecture (2005)
- Frederick Kiesler Prize for Architecture and the Arts (2004)
- AIA New York Chapter Design Award, Architecture (2002)
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- Iovine, Julie V. (16 September 2004). "In Venice, the Future Takes a Twist". The New York Times. Retrieved 7 January 2008.
- Pogrebin, Robin (28 June 2007). "A Luxury Condo by Arty Architects From the Fringe". The New York Times. Retrieved 5 January 2008.
- "The right formula: Abu Dhabi's Yas Hotel". Building. 30 October 2009. Retrieved 2010-01-15.
- "Project Portfolio: HydraPier". Architectural Record. Retrieved 7 January 2008.
- "Entering a Dream Landscape (But, Really, It's a Store)". The New York Times. 12 June 2003. Retrieved 8 January 2008.
- "Asymptote 3.0". Metropolis Magazine. Archived from the original on 16 December 2007. Retrieved 7 January 2008.
- "Commendable Achievement: Interior Lighting". Architectural Lighting. Retrieved 7 January 2008.
- "Asymptote wins competition for WBCB Tower". Architectural Record. Retrieved 7 January 2008.
- "Asymptote Building Big in Asia". Architectural Record. Retrieved 5 January 2008.
- "Asymptote to Spice Up Penang's Skyline". Architectural Record. Archived from the original on 31 January 2008. Retrieved 7 January 2008.
- http://www.interiordesign.net/article/479198-Asymptote_Architecture_Breaks_Ground_on_Tower_in_Abu_Dhabi.php. Missing or empty