This is the Forty Hadith of the Prophet, translated into Persian quatrains (ruba'i) by Nur al-Din 'Abd al-Rahman Jami in 886/1481. This was a popular work for copying by Persian calligraphers, as it enabled them to show off their mastery of both large and small nasta'liq.
Shah Mahmud Nishapuri, known as zarin qalam (Golden pen) was a calligrapher at the library of Shah Tahmasp in Tabriz. After the King became increasingly religious, Shah Mahmud moved to Mashhad where he spent the rest of his life. His recorded work is dated between 923-982/1517-75.
Bayani, M.: ahval va asar-e khosh-nevisan, vol.I, Tehran, 1345 sh, pp.295-304, vol.II, 1346, pp. 305-7.
Minorsky, V.: Calligraphers and Painters, 1959, pp. 134-7.