Abstract: In this study, the development of a flood hazard map and assessment of flood hazard are described using RADARSAT SAR and GIS data for the historical flood event of 1998. A flood hazard map was developed on the basis of ranking matrix in two dimensional multiplication mode which was calculated using the digital elevation and land-cover data. Flood-affected frequency estimated from multi-temporal SAR imageries was considered as a hydraulic component for the evaluation of flood hazard. Assessment of flood hazard was performed by overlaying thematic data onto derived hazard map. It is demonstrated that the evaluation of flood risk can be done efficiently using GIS and RS data. It is expected that the developed flood hazard map will be useful to mitigate losses of lives and property from future flood disasters in third world cities, particularly in Greater Dhaka, Bangladesh.