According to the sources, it was built in 1719–1726 with the funds and decree of the Uzbek ruler Shergazikhan (Shir Ghazi Khan).

Khan's body was buried in a small room built in the west of the madrasah.

The facades are made of black stone, the courtyard walls are covered with special construction material.

[2] After conquering Mashhad in 1715, Shergazikhan brought 5,000 soldiers from Iran for the construction of a madrasah.

Due to the subsidence of the soil on the ground where the mausoleum is located, the grave fell two meters down.

[4] As mentioned in the dedication text of this madrasa, historians and poets called this building "Maskan-i Fazilon" ("Abode of Scholars").