Teodor,
I look at your own post
http://www.vikingsword.com/vb/showth...balkan+kindjal
and there is quite a lot of "kindjals" with similar handles ( thinner, meatier, lighter, darker, but all of the same general pattern) that you ID-ed as Bulgarian.
Obviously, this one cannot be of Turkish or Syrian origin ( script).
Together, the handle and the inscription point quite strongly ( I think) towards the Balkans, Bulgaria being my first address.