Islamic State Income has Dwindled by 80 per cent

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ISLAMIC STATE INCOME IS DWINDLING 

According a study report by Thomson Reuters, The Islamic State once boasted of having $2 trillion in assets and $2.9 billion annual income. Currently, this is not the case. The Islamic State income has dwindled by 80% due to the lose of over two-thirds of the territory the caliphate once controlled.

It is reported that the caliphate receives its income from taxation of the people living under their territory.

Islamic State group also confiscates people’s property as a source of income. Any track entering its kingdom from neighbouring countries used to pay $800 per truck among other taxes.

This is a clear sign that the Islamic State is failing fast.

It’s on a downward spiral.

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Editor-in-Chief

Geoffrey Kerosi is a prolific Kenyan writer based in Nairobi City. He holds a Bachelors in Economics and Statistics and is currently pursuing Masters in Public Policy and Administration (MPPA) from Kenyatta University. Email: info@kerosi.com. Whatsapp: +254713 639 776 YouTube: Kerosi TV

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