DOHA (Reuters) - A film about the Prophet Mohammad backed by the producer of "The Lord of the Rings" and "The Matrix" is under discussion, a Qatar media firm said Sunday, with the aim of creating an English-language blockbuster for the world's 1.5 billion Muslims.

Filming of the $150 million movie is set to start in 2011, with Barrie Osborne as its producer, Almoor Holdings said.

Almoor said the film - in which the Prophet would not be depicted, in accordance with Islamic strictures - was in development and talks were being held with studios, talent agencies and distributors in the United States and Britain.

The company launched a $200-million international film fund on October 31 to invest in film projects amid tight financing in the wake of the financial crisis and plans to focus on Hollywood.

Alnoor said it aimed to attract the "best international talent" to star in the motion picture.

The company was set up this year to take advantage of economic opportunities in the entertainment industry, focusing on international film production, Arabic production and animation.