Apart from Rahman, Jagger and singer Joss Stone have also roped in rapper-actor Nas and Jamaican musician Bob Marley's sons Damian and Stephen for the song.
According to thesun.co.uk, they have come together to work on a song that will be issued on the United Nation's International Day Of Peace that falls on Sep 21.
"Joss and Mick hit it off when they worked with producer Dave Stewart on the 'Alfie' soundtrack, so were keen to collaborate again. When this project was suggested they were keen to get on board, especially considering the glittering cast of other musicians involved, " a source said.