Kazemi had his 42nd career double-double for the Owls (15-11, 6-5 Conference USA) to tie the league record of Kelly Wise of Memphis from 1999-2002.
Shawn Williams scored 11 points and Robert Nyakundi and Rodney Clinkscales nine each for the Mustangs (11-14, 2-8). SMU was without point guard Jeremiah Samarrippas, who suffered an ankle sprain during practice on Friday.
Both teams shot miserably.
Rice, which did not register a field goal in the last 9:48, when Jackson made a 3-pointer to give his team a 39-30 lead. The Owls made 15 of 46 (32.6 percent) shots from the floor; SMU was 13 of 40 (32.5 percent).
After Kazemi gave Rice a 42-37 advantage with two free throws with 4:40 remaining, neither team scored until SMU's Ryan Manuel made a jumper with 23 seconds left.