Assalamu Alaykum
This provides a more clear picture:
http://site19.iqservices.com/wp-cont...8/taweez-1.jpg
Its an amulet written by Abdullah al-Fa'iz ad-Daghestani of Sufi Naqshbandi order for protection against evil forces.According to Abdullah,He was told in a "vision" by the Prophet (SAAWS) saying that this will protect the wearer/holder.
Following is the Transliteration:
laa ilaaha illAllahu Muhammad rasulullah sallAllahu ‘alayhi wa sallam wa ‘ala alihiwa sahbihi wa sallam, ya Rahman ya Raheem ya Musta‘an billah; Ya MuhammadsallAllahu ta’ala ‘alayhi wa sallam, ya Aba Bakr, ya ‘Umar, ya ‘Uthman, ya ‘Ali (r),ya Hassan, ya Hussayn, ya Yahya, ya Haleem, ya Allah; wa laa hawla wa laaquwatta illa billahil ‘aliyyil ‘azheem; Shahamatul Fardani, Yusuf asSiddiq, ‘AbdurRauf al Yamani, Imamul ‘Arifin Amanul Haqq, Lisanul mutakallimin ‘AwnallahasSakhawi, ‘Arif atTayyar, alMa’ruf bi Mulhan, Burhanul Kurama Ghawthil Anam,ya Sahib azZaman Muhammad alMahdi, ya ‘Isa, wa Sahib alUnsur, ya Khidr.
If you can read Qur'an,you can translate above on your own and able to to know its full of shirk i.e invoking others to help instead of Allah(SWT).
And do not invoke besides Allah that which neither benefits you nor harms you, for if you did, then indeed you would be of the wrongdoers.And if Allah should touch you with adversity, there is no remover of it except Him; and if He intends for you good, then there is no repeller of His bounty. He causes it to reach whom He wills of His servants. And He is the Forgiving, the Merciful. [Al-Qur'an 10:106-107]