5 Falsan

ISIS announced its own coinage system in 2014 as part of a broader claim to caliphate legitimacy, with physical currency intended to replace what the group called the "satanic" interest-based financial system. Actual distribution was minimal and largely propagandistic — most pieces circulated within tightly controlled territory in Syria and Iraq before the caliphate's territorial collapse accelerated sharply through 2017 and 2018.

By 1438 AH, ISIS held a fraction of its peak territory. Coins from this late issue are sparse in verified collections, and authentication remains complicated by the existence of tourist reproductions produced after the fact.