The movie, "Lord Owen's Lady", is being produced by Dragons Productions (Wales) Ltd, based in London and Cardiff, Rubina's publicist and agent Dinesh Dubey said.
"The shooting for the movie, for which Indian actor Rohini Hattangadi and some other kids from 'Slumdog Millionaire' have been signed on, will start in early 2011, " Dubey told here Saturday.
Hattangadi, an accomplished actor, has earlier played Kasturba Gandhi in the Oscar winning "Gandhi" (1982) by Sir Richard Attenborough. Ben Kingsley played the title role.
"Lord Owen's Lady" will also feature Hollywood star Anthony Hopkins as the father of Lord Owen, a reckless heir who falls in love with a stunning Indian woman.
"Azharuddin and Rubina shall be playing the role of Hopkin's grandchildren in the movie, " Dubey said.
The movie is expected to be shot in Dubai, Wales and other locations, said Dubey.
Azharudding and Rubina shot to fame for their roles in Danny Boyles' movie "Slumdog Millionaire", which bagged eight Oscars including for the best movie of the year in 2009.