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Islamic State touts $250M year-end budget surplus; opens bank

Jan 5, 2015 4:11 pm By Robert Spencer

Islamic StateThe Islamic State says it has set up an Islamic Bank (not that this has anything to do with Islam). It continues to go about setting up all the accoutrements of a state, or at least claiming to do so. This announcement about establishing a bank may be a bluff — after all, as Muhammad said, “War is deceit.”

“Islamic State touts $250M year-end budget surplus; opens bank,” by Cheryl K. Chumley, The Washington Times, January 5, 2015 (thanks to The Religion of Peace):

Terrorists with the Islamic State say that when 2015 wraps, they’ll have an estimated $250 million left over from their $2 billion budget — and that the extra money will go to help fund their war against the West and western allies.

The group’s representatives said in an interview with Al-Araby Al-Jadeed that their $2 billion budget includes money for the poor, the disabled and for families of those who were killed during combat-related airstrikes from Iraqi fighters and U.S. soldiers. But plenty will be left over — and with that, the group has big plans to fund its fighting, United Press International reported.

At the same time, the Islamic State announced the opening of its own bank. Called the Islamic Bank, the operation actually makes loans, takes in deposits and exchanges, and replaces paper currencies that are no longer accepted or that are worn out, UPI said….

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Filed Under: Featured, Islamic State (aka ISIS, ISIL, Daesh) Tagged With: Islamic Bank


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Comments

  1. particolor says

    Jan 5, 2015 at 4:27 pm

    I can see the Hoards of GFing Shareholders now, rushing for Shares with their Western Welfare Loot !!.
    I’m going down for am INTEREST FREE LOAN as they are not allowed to charge Interest according to the Head GFers Orders !! ..

  2. Georg says

    Jan 5, 2015 at 5:03 pm

    But do they have lollipops?

    • pumbar says

      Jan 5, 2015 at 10:48 pm

      No, but the new student account does come with a balaclava, bomb belt and mobile phone.

  3. Salah says

    Jan 6, 2015 at 2:28 am

    Remember when the US forces crushed the mighty Iraqi army in a jiffy?
    Remember when Obama said he needs 3 years or so to defeat ISIL?
    Did you ever wonder why 3 years? to buy them time. Time to have their own banks, currency, institutions, etc.
    In other words, time for its existence to become a fait accompli.
    Obama is following the orders of his masters: the Muslim Brotherhood (i.e. ISIL)

  4. David Moran says

    Jan 6, 2015 at 10:06 am

    Our president keeps insisting that these are non Muslims, we need to ban all non Muslims, then. Oh wait! That would be Sharia.

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