Ubuntu – ImageMagick “convert” command cannot use fonts!

convert -size 300x50 xc:none -font Arial -pointsize 20 -gravity center -draw "fill white text 1,1 \"$1\" text 0,0 \"$1\" fill black text -1,-1 \"$1\"" $WATERMARK_FILE

Above command results following error:

convert.im6: unable to read font `Arial' @ warning/annotate.c/RenderType/853.

I searched the web and find that many users saw this error, but did not find any solution. Can anyone help?

NOTE 1: Arial font is installed on my system:

$ fc-list | grep -i arial
/usr/share/fonts/truetype/msttcorefonts/Arial_Italic.ttf: Arial:style=Italic,Cursiva,kurzíva,kursiv,Πλάγια,Kursivoitu,Italique,Dőlt,Corsivo,Cursief,Kursywa,Itálico,Курсив,İtalik,Poševno,nghiêng,Etzana
/usr/share/fonts/truetype/msttcorefonts/ariblk.ttf: Arial Black:style=Regular,Normal,obyčejné,Standard,Κανονικά,Normaali,Normál,Normale,Standaard,Normalny,Обычный,Normálne,Navadno,Arrunta
/usr/share/fonts/truetype/msttcorefonts/Arial.ttf: Arial:style=Regular,Normal,obyčejné,Standard,Κανονικά,Normaali,Normál,Normale,Standaard,Normalny,Обычный,Normálne,Navadno,thường,Arrunta
/usr/share/fonts/truetype/msttcorefonts/arialbd.ttf: Arial:style=Bold,Negreta,tučné,fed,Fett,Έντονα,Negrita,Lihavoitu,Gras,Félkövér,Grassetto,Vet,Halvfet,Pogrubiony,Negrito,Полужирный,Fet,Kalın,Krepko,đậm,Lodia
/usr/share/fonts/truetype/msttcorefonts/Arial_Bold_Italic.ttf: Arial:style=Bold Italic,Negreta cursiva,tučné kurzíva,fed kursiv,Fett Kursiv,Έντονα Πλάγια,Negrita Cursiva,Lihavoitu Kursivoi,Gras Italique,Félkövér dőlt,Grassetto Corsivo,Vet Cursief,Halvfet Kursiv,Pogrubiona kursywa,Negrito Itálico,Полужирный Курсив,Tučná kurzíva,Fet Kursiv,Kalın İtalik,Krepko poševno,nghiêng đậm,Lodi etzana
/usr/share/fonts/truetype/msttcorefonts/arialbi.ttf: Arial:style=Bold Italic,Negreta cursiva,tučné kurzíva,fed kursiv,Fett Kursiv,Έντονα Πλάγια,Negrita Cursiva,Lihavoitu Kursivoi,Gras Italique,Félkövér dőlt,Grassetto Corsivo,Vet Cursief,Halvfet Kursiv,Pogrubiona kursywa,Negrito Itálico,Полужирный Курсив,Tučná kurzíva,Fet Kursiv,Kalın İtalik,Krepko poševno,nghiêng đậm,Lodi etzana
/usr/share/fonts/truetype/msttcorefonts/Arial_Black.ttf: Arial Black:style=Regular,Normal,obyčejné,Standard,Κανονικά,Normaali,Normál,Normale,Standaard,Normalny,Обычный,Normálne,Navadno,Arrunta
/usr/share/fonts/truetype/msttcorefonts/Arial_Bold.ttf: Arial:style=Bold,Negreta,tučné,fed,Fett,Έντονα,Negrita,Lihavoitu,Gras,Félkövér,Grassetto,Vet,Halvfet,Pogrubiony,Negrito,Полужирный,Fet,Kalın,Krepko,đậm,Lodia
/usr/share/fonts/truetype/msttcorefonts/ariali.ttf: Arial:style=Italic,Cursiva,kurzíva,kursiv,Πλάγια,Kursivoitu,Italique,Dőlt,Corsivo,Cursief,Kursywa,Itálico,Курсив,İtalik,Poševno,nghiêng,Etzana

NOTE 2: Changing the case in font name (arial instead of Arial)does not help.

NOTE 3: Using absolute font file path with complete font file name (filename.fileextension) removes the error:

convert -size 300x50 xc:none -font "/usr/share/fonts/truetype/msttcorefonts/Arial.ttf" -pointsize 20 -gravity center -draw "fill white text 1,1 \"$1\" text 0,0 \"$1\" fill black text -1,-1 \"$1\"" $WATERMARK_FILE