Weird Arab Coin

Not sure if I would call this a coin... likely a link to a bracelet. Appears to be from the Hijra Islamic Calendar 1197 which is approximately 1782. However, this might not be an actual date of the item, it might be related to an important Islamic event in history. The writing appears to say Ma'Shallah which literally means something like "Whatever Allah Wills" but in context is synonymous with Congratulations - for use with such events as births, wedding announcements, and good news in general.

Ma'Shallah appears to be missing one letter though, so it is possible that this is from another near Eastern country which uses Arab script. Such as Pakistan, India, Afghanistan, etc.