He was born to a family of a poor merchant. He developed passion for acting and music while still a child by watching street performances and listening to dervishes' singing. In 1920 his father deceased and he along with his siblings was raised by his mother the tailor. Until age 15 he attended a drama club where he learned basics about acting and theatre.
Alasgar Alakbarov received his postsecondary education at a performance arts college in Baku in 1930. During the next three years he worked with the troupes at various Azeri theatres in Azerbaijan and Georgia. Starting in 1933 until his death, he worked at the Azerbaijan State Academic Drama Theatre. He specialized mostly in tragical roles. His most famous roles were those of Vagif (Vagif by Samad Vurgun) and Othello (Othello by William Shakespeare). During his 30-year career he played Vagif around 700 times. Critics characterised his performance as extremely spirited and emotional.
Along with theatre, Alakbarov also pursued career in film. Alakbarov's first movie appearance was made in Vulkan uzarinda ev in 1929. He also starred in renowned Azerbaijani films such as Latif, Almaz, Kandlilar, Ogey ana, Uzag sahillarda, Boyuk dayaq, etc. In 1961 Alakbarov became People's Artist of the USSR after participating in a 1959 cultural event in Moscow dedicated to the Azerbaijani Soviet Socialist Republic.
- (in Azerbaijani) An Actor Who Was Made Immortal by the "Dead" by Tarana Maharramova. 1 February 2007. Retrieved 8 August 2007
- (in Azerbaijani) Actors: Alasgar Alakbarov. Azeriart.net
- (in Russian) Alasgar Alakbarov. An entry from the Great Soviet Encyclopædia
- (in Russian) Her Performance Would Amaze Millions by Nilufar Hasanqizi. Vyshka. 20 June 2003. Retrieved 8 August 2007