Malaika Parekh born on 23 August 1980 in Mumbai, Maharashtra, India. Her mother, Chris Parekh is English. Malaika is trained in the gems and jewellery Business as her late father Rohit, a Diamond merchant, was in the same trade.

Khan made his screen debut in 2003 in the film Chura Liyaa Hai Tumne.

In 2004, he starred in Main Hoon Na, which was one of the biggest hits in his career. It was the second highest-grossing film of 2004 behind Veer-Zaara and was declared a hit. Khan was subsequently nominated for the Filmfare Award for Best Supporting Actor in 2005. He also starred alongside Amrita Arora in a music video called Disco 82 Remix by DJ Aqeel for UMI-10.

Khan married his high school sweetheart Malaika Parekh on 20 November 2005. In an interview, Malaika stated that Zayed proposed four times to Malaika and she has four rings from him. They both studied in Kodaikanal International School and became acquainted with each other in 1995.

He starred in Sohail Khan's action multi-starrer, Fight Club - Members Only in 2006. Next, he appeared in Rocky: The Rebel. Khan revealed that he had ghost-written some scenes in the film. He had first begun script-writing when he was studying in London.

Both of his films in 2007 were action multi-starrers. Anubhav Sinha's Cash was originally meant to be the sequel to Dus, but ended up differently. Due to this, some of the cast of Dus also star in Cash. It performed reasonably well in its first week, but was unable to replicate the success of Dus and was eventually declared a flop. Speed also failed.

In 2008, Khan ceased his smoking habits in honour of his first son.

In 2011, the actor ventured into production with his co-owned production house, Born Free Entertainment along with good friend Dia Mirza and her fiancé Sahil Sanga. Their first film, Love Breakups Zindagi, was released on 7 October 2011, and was met with a lukewarm response.

Khan had a special appearance as an infidel fiancé in the Ranbir Kapoor–Priyanka Chopra starrer, Anjaana Anjaani.

In 2012, Khan played a supporting role in Tezz, which stars Anil Kapoor and Ajay Devgan in the lead. His next film, Ameesha Patel's maiden production, Desi Magic, is slated to release on 28 February 2015.

In August 2017, it was announced that Bollywood actor Zayed Khan will soon be making his television debut on a show called Haasil playing the lead role of Ranvir Raichand opposite Vatsal Sheth and Nikita Dutta. The show will premiere in October 2017.