Hi Miguel,
You are right about the SCABBARD being what is described as Hejaz. This style comes from southern Yemen around the Aden region. The punched script is just that....script, which some one here may be able to translate for you if you could post clear pics. I have a strong suspicion that the knife is not original to the scabbard and is a much later Indian made addition.
The scabbard is worthy of attention as it is very nice, and I suspect by the way it looks, that the silver is of good quality.
Stu
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