Attacking into Ishkanah is slow and unprofitable
As an enchantment, it is very difficult to get rid of, and the fact that it forces opponents' creatures to enter tapped AND gives its controller life makes it a must-include in any white decks
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Now, gaining two life isnt better than Looting twice, but when your deck is full of Sphinxs Revelations, extra lands are pretty good, so Looting isnt that important
Holds up to 480 standard size cards