It was originally built with simple construction material such as palm tree trunks and leaf stalks. The matam was formally established in 1904 where it was decided that the matam would be renovated with rocks, clay and cement. Initially in the 1890s, the matam was primarily supported by Persian merchants, with two-thirds of the donation coming from the Bushehri and Safar family, respectively. For much of the 20th century, the matam had relied on yearly donations of money and land from rich and poor members of the Persian community and from waqf revenue. The matam also had an emergency relief fund that was to be distributed to the poor and to needy individuals; the matam provided financial aid and shelter to people following the collapse of the pearling market in the 1930s.
