Ah, the good old days. When FReepers were laughing at the Muslims who protested the “Allah” they claimed they saw on the top of that pudding cup lid . . .
I'm going to link to a number of variations on Arabic calligraphy that read either there is no god but Allah or just Allah.
Now take a good look at them. Compare them to the squiggles on Zero's ring. I'm not an expert on Arabic calligraphy, but I'm pretty sure that that bottom squiggle could most certainly be Allah.
Take a look and be the judge for yourself. The Blaze consulted a real academic expert at Duke, who confirmed the inscription. I'll take that over some self-appointed know-it-all on “urban legends.”