The hearing will be presided over by India's Solicitor General, Goolam Vahanvati, and South African High Court Judge Steven Majiedt and will deal with allegations made by Zimbabwe players concerning the Zimbabwe Cricket Union (ZCU).
"Serious allegations have been made and it is important that these matters are properly investigated through this process," ICC president Ehsan Mani said on Friday.
"The hearing will follow a written submission being provided by the players which is due by September 14. This submission will then be provided to the ZCU for its written response prior to the commencement of the hearing on September 29."
The details of the disputes resolution hearing into other matters raised by the players are yet to be finalised and it has been agreed that the findings of the racism hearing will not be acted on by the ICC until after the disputes resolution process has been concluded.