It is Turkish not Egypt, if you see the arcs around the design its Turkish.
The date is 1327AH or 1909, but above it in the lettering is the number 7 meaning its year 7 of the reign (In this case Muhammad V Reshad) so its actually 1333 or 1914/15 (1327 would be year 1 - so 6 years later and the Islamic year is 354 days, so every 31 years they fall another year behind - like the Hebrew year, its why all the festivals are 10/11 days earlier each year, but unlike the Jews, they do not have the 13th month).
On the other side is the number 1, indicating this coin is 1 Kurus (Piastre) or 1/100th of the old Turkish Lira. I am assuming this is a tiny silver coin (Cupronickel coins of 5,10, and 20 paras were also minted but have a slightly different design).
Currency system to 1926, 40 Paras = 1 Kurus (Piastre), 100 Piastres = 1 Lira, although coins above 1 lira were counted in Piastres. Often silver was made up to 20 Kurus, and there was gold coins at 50, 100, 250 and 500 Piastres (Often used in place of Kuru for Gold). This included the large flattened coins known as "Monnaie deluxe".
Lira was kept when Ataturk reformed the currency in 1928, although nothing was reformed much except the language (Arab script to Western) and the Para eventually was phased out through worthlessness.
Hope this helps
It was almost certainly a souvenir brought back from the Gallipoli or slightly later Middle Eastern campaigns in WW1.
Loving Halfcrowns. British and Commonwealth coins 1750 - 1950 and anything Kiwi. If it's round, shiny and silvery I will love it.