Interesting Persian (?) badge, translation please

[Valjhun]

I've found that badge recently. I guess it is persian military due to the open hand above the rams head. Can anybody translate the script? thanks

[S.Al-Anizi]

The inscription reads in arabic "Al-Nasr Aw Al-Mawt", "victory or death". If persian, could this date back to the Iranian Iraqi war? Are you sure this is Persian?

[Valjhun]

Thank you verry much!

No I'm not sure that it is Persian, but I'm sure that it is quite old, pre- WWII I would think.