Islamic State Income has Dwindled by 80 per cent

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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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Geoffrey Kerosi is a prolific Kenyan writer based in Nairobi City. Email: Skype: gkerosi Whatsapp: +254713 639 776 YouTube: Kerosi TV

2 thoughts on “Islamic State Income has Dwindled by 80 per cent

  • 15th July 2017 at 10:48 am

    Why people still use to read news papers when in this technological globe the whole thing is existing on net?

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