As far as I can see, you practically identified it by yourself.
You wrote "Looks like there are some arabic inscription" and in fact you are completely right. It is not Arabic. It is imitation. Just compare your first side coin with
https://en.wikipedia.org/wiki/Arabic_alphabet#Table_of_basic_letters
and you will find out that there is no meaning in the three lines and three dots. It is imitation. You may start to look for the territories, which used to allow Arabic coins at their market and issued by themselves when it is necessary something extra. Usually it was about silver and gold.
Your item looks like of copper origin. It may mean the imitation for other purposes, such as decoration. In this case it may be on the territories of Arab culture and indeed it could be used as a coin (there were and still are a lot of illiterate people).