I think it is a temple token.
First picture:
center is the first kalimah
http://en.wikipedia.org/wiki/Six_Kalimasaround are the names of the 4 caliphs, sons of the Prophet Mohammed:
Abu Bakar, 1th caliph. Omar, 2nd caliph. Usman, 3th caliph. Ali, 4th caliph
Second picture:
I think I can read a date in hyderabad arabic at the bottom of the coin: AH1056
That converts to approx 1646AD
That is the period of the Mughals in India.
In that period the ruling emperor was Shah Jahan:
http://en.wikipedia.org/wiki/Shah_JahanNormal had the bottom line the place of mint on the coin.
If you send these pictures to
http://www.zeno.ru/index.php you will have an answer