It is located between Mazari Sharif Madrasah and Russian school. It built by a prosperous Khiva's landowner Atajanbay. The Madrasah has an irregular design. Its contour is sub rectangular viewed from above, elongated in transverse direction from the east to the west, asymmetrical with respect to the entrance in the southern wall. Adjacent to its north-western wall is Mazari Sharif Madrasah; there is internal passage between the two. These two madrasahs look like a single complex.