The 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.”
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….