Help me to understand - Arabic token

Good afternoon, colleagues. Please help me read and translate this beautiful token:

On the first side, "God bless you":

ماشاء الله تبارك

even though the first letter (on the right) looks like a h (ح) rather than a m (م). Here is a calligraphic rendition of the same text:



On the other side, I'm not sure... The way the letters are connected, someone who can read the text globally will make sense of it. I think one should read from the bottom up.

Thank you very much for your reply. Maybe someone can decipher the other side?

The beginning of a Kalima ?
سبحان الله

Quote: "Frenchlover"​The beginning of a Kalima ?
​سبحان الله

​This I would recognize. I'm not even sure it's Arabic. Could be Urdu or Farsi?

Starts with either ش (sh...) or, less probably, ث (th...).

Edit: This how I see the groups of letters (note I'm not saying words):