The king, a 41st generation direct descendant of Prophet Muhammad, is known for his global initiative to fight deradicalisation and terrorism and is also custodian of the Al-Aqsa mosque, the third holiest site in Islam, located in the Old City of Jerusalem.
India considers Jordan an "oasis of stability and harmony" in conflict-ridden West Asia, official sources said.
During the King's visit, both sides will aim to further boost ties in several key areas and look to finalise a framework for defence and security cooperation, they said.
Modi, several senior dignitaries and representatives from leading Islamic institutions from across the country are expected to attend the special address by the Jordanian king at Vigyan Bhavan on Thursday.
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The topic -- 'Islamic heritage; Promoting Understanding and Moderation' -- has been selected by the king himself, the sources said.
A translation of a book "A Thinking Person's Guide to Islam -- the Essence of Islam in 12 versus from the Quran" will also be released at the event, being organised by the India Islamic Cultural Centre.
"We attach great importance to our ties with Jordan as it is an oasis of stability and harmony in an area of conflict," said a source, reflecting on the significance of the Jordan king's visit.
The sources said both sides are expected to ink a number of agreements to expand cooperation in several key sectors including health care, IT and will look to firm a framework pact for defence and security cooperation.
Giving an example of the warmth in ties between the two countries, the sources said the king was travelling abroad and came back to Amman to receive Modi. He received Modi at his residence despite it being a holiday in Jordan.
He had appreciated Modi for undertaking a "stand alone" visit to Palestine through Amman and also for India's strong support to the Palestinian cause.
Jordan's royal helicopters had flown Modi and his delegation from Amman to Ramallah and back during the visit.
During his stay here, the king will also visit the Indian Institute of Technology, Delhi, to explore collaboration in areas of science and technology and will address a congregation of industry tycoons.
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