The monumental inscription is from Qur'an III (sura al imran), vv.96-97 and translates as Lo! the first Sanctuary appointed for mankind was that at Mecca, a blessed place, a guidance to the peoples; (96) Wherein are plain memorials (of Allah's guidance); the place where Abraham stood up to pray; and whosoever entereth it is safe. As it mentions the Maqam Ibrahim (the place where Abraham stood up to pray), it is likely that this textile was used on this shrine, located with the sanctuary in Mecca.
The first circular medallion is from Qur'an XXXIII (sura al-ahzab), v.40. It translates as Muhammad is not the father of any man among you, but he is the messenger of Allah and the Seal of the Prophets; and Allah is ever Aware of all things.
The second circular medallion is a 'samadiyya', on account of the words from Qur'an CXII (sura al-ikhlas) Allah al-samad (God the Eternal). The medallion has the full sura.
The last medallion has titles of a unnamed sultan: 'izz li mawlana al-sultan al-malik al-muzaffar khallada Allah mulkahu wa 'azza nasrahu (Glory to our Master the Sultan the King The Victorious, May God extend his kingship and glorify his victory).
The red borders with repeated knotted kufic inscriptions give the names of the Prophet Muhammad, the four Righteous Caliphs, the Sahaba, and Qur'an CXII (sura al-ikhlas).
For a discussion on textiles for the Holy Shrines, see lot 388.