The awardee should be involved in private business enterprise and must be a Bangladeshi citizen or ordinarily resident in Bangladesh. He/she must have clean banking and tax records. There is no restriction on age or race. In case of Enterprise Award, only Bangladeshi companies will be considered with published balanced sheets. In case of Financial Institution Award, Bangladeshi and joint venture financial institutions will be considered with published balanced sheet. In case of Joint Venture Financial Institution, a company incorporated in Bangladesh for carrying out business activities jointly by Bangladeshi and foreign investors will be considered.