In 2014, Ms Murad became the face of a campaign to free the Yazidi people
The 2018 Nobel Peace Prize has been awarded to campaigners against rape in warfare Nadia Murad and Denis Mukwege.
Ms Murad is a Yazidi woman who was tortured and raped by Islamic State militants and later became the face of a campaign to free the Yazidi people.
Mr Mukwege is a Congolese gynaecologist who, along with his colleagues, has treated tens of thousands of victims.
Some 331 individuals and organisations were nominated for the prestigious peace award this year.
The winners announced in the Norwegian capital Oslo on Friday won the award for their "efforts to end the use of sexual violence as a weapon of war", Berit Reiss-Andersen, the Nobel committee chair, said.
The pair both made a "crucial contribution to focusing attention on, and combating, such war crimes," Ms Reiss-Andersen added.
Mr Mukwege and his colleagues in DR Congo are said to have treated about 30,000 rape victims, developing great expertise in the treatment of serious sexual injuries, many in instances of war.
Ms Murad became an activist for the Yazidi people after escaping IS in November 2014, campaigning to help put an end to human trafficking.
BBC Persian's Nafiseh Kohnavard, who met Ms Murad after she had escaped from her Islamic State group captors, tweeted an image of the meeting after the prize was announced.