The bilingual (Bengali and English language) film, titled Doob in Bengali, is produced by Kolkata's Eskay Movies and Bangladesh's Jazz Multimedia.
Irrfan's production company IK will be co-producing the film. This is his second venture as a producer after Ishaan Nair's "Kaash".
Apart from Khan, the main cast includes Bangladeshi actress Nusrat Imroz Tisha who starred in Farooki's "Third Person Singular Number" (Bangladesh's entry to the 2011 Oscars) and "Television" (Bangladesh's entry to the 2014 Oscars), Parno Mitra and Rokeya Prachy.
"My earlier films had all very different tone. This one is my first attempt to Ozu Kingdom, which is 'family story'. I got a good set of cast and good team. Getting Irrfan as a co-producer was a big boost for us. I believe if everything goes well, we will be able to offer an engaging film," Farooki said in a statement.
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Irrfan said he was touched by humane angle that Farooki adapts in his stories, making them engaging to the audience.
"His works carry a strong humane angle, which is why his characters are multi layered. I am eagerly looking forward to collaborate and explore with him in the film 'No Bed of Roses'. Hope this will be a good addition to the changing landscape of world cinema.