17:24 GMT +316 October 2019
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    Militants from the al-Qaida-inspired Islamic State of Iraq and the Levant (ISIL) celebrate the group's declaration of an Islamic state, in Fallujah, (65 kilometers) west of Baghdad, Iraq. (File)

    Now Hiring: ISIL Searches for Qualified Specialists to Boost Economy

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    Violence Erupts as Islamic State Rises (1881)

    ISIL is looking for a variety of experts in different fields to increase its economic might by creating a quasi-economy, said Andrei Novikov, the head of CIS anti-terrorist center, according to Russia media.

    Novikov said ISIL gets most of its income from the sale of illegal oil reserves and by illegally charging energy transport corridors. Furthermore, the militants profit from illicit drug trade and the illegal sales of seized cultural property, Novikov said.

    The Islamists purchase oil from middlemen and resell it to Syria and Turkey anonymously by using brokerages. This aspect of the ISIL economy has been affected by the recent change in the commodities market.

    Kidnappings and ransom demands are also a source of revenue for ISIL. A number of British, Japanese, US, Iraqi, Syrian and other nationals have also been kidnapped through by the terrorist group. Some countries have paid for the release of their nationals, allowing the terrorists to generate income.

    Earlier it was reported that ISIL's finances were not doing particularly well. The Caliphate struggled to keep its promises made last year when its leaders said that nobody will ever be poor while living in the Islamic State. Currently, people living under the reign of ISIL are suffering from high unemployment, lack of money, rising inequality and high taxes.

    Violence Erupts as Islamic State Rises (1881)


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