Islamic State Paying Guides to Abduct Reporters
On January 27, 2015 · In ISIS, Islamic State (IS), Jihad, Jihadist Groups/Individuals, Ransoms, Terror Funding
Some local “guides” who offer to act as mediators, helping foreign journalists gather information in areas controlled by the Islamic State, actually help the militant group abduct them. http://www.stripes.com/news/middle-east/local-guides-endanger-journalists-as-islamic-state-pays-to-abduct-reporters-1.325779
British ISIS captive John Cantlie appears to have written an article for the latest copy of the terror group’s propaganda magazine. The piece, entitled ‘Meltdown’, appears at the end of the sixth issue of Dabiq magazine and praises the Islamic State’s decision to start minting its own currency. Mr Cantlie’s name appears alongside the story, […]
How Jihad is Funded
On December 16, 2014 · In Al Nusrah, Al Qaeda, Al Shabaab, Boko Haram, ISIS, Islamic charities, Islamic State (IS), Jihad, Jihadist Groups/Individuals, Terror Funding
The BBC has produced a report on the various ways several major Jihadist terror groups–Islamic State, Al Qaeda, Boko Haram, Al Shabaab and the Taliban–are funded. The report is not in-depth but it does cover most of the wave tops . The problem lies in the complete lack of mention of zakat, which is the […]
Money Jihad Blog Details Pay to Al Qaeda Fighters in Iraq
On December 16, 2014 · In Al Qaeda, Iraq, ISIS, Islamic State (IS), Jihad, Jihadist Groups/Individuals, Terror Funding
This brief post on Money Jihad blog provides some insight into how Al Qaeda jihadi fighters were paid in Iraq. This is especially important and interesting since Al Qaeda in Iraq became the Islamic State, as it is known today… http://moneyjihad.wordpress.com/2014/12/14/rewind-wages-to-fighters-for-al-qaeda-in-iraq/
A report released this week demonstrates how Qatar plays a double game with the West – funding terrorist groups throughout the region while acting like an ally and responsible player on the world stage.The report, “Qatar and Terror Finance: Negligence,” is the first in a three-part series by The Foundation for Defense of Democracies and […]
More than two dozen jihadists have collected unemployment benefits while fighting in Syria alongside terror organization Isis, the domestic intelligence agency PET revealed. Denmark paid unemployment benefits to 28 people while they were waging war for the Isis terrorist group in Syria, the Danish intelligence service was quoted as saying on Thursday. http://www.thelocal.dk/20141127/danish-syria-fighters-on-benefits-while-fighting-for-isis […]
Gruesome: Islamic State Raising Money Through Organ Harvesting
On December 10, 2014 · In ISIS, Islamic State (IS), Jihad, Jihadist Groups/Individuals, Terror Funding
Surgeries take place within a hospital and organs are quickly transported through networks specialized in trafficking human organs. Mosuli said that the organs come from fallen fighters who were quickly transported to the hospital, injured people who were abandoned or individuals who were kidnapped. He said that organ sales yield large profits. A specialized mafia is engaged in these […]
German Intelligence Disputes Estimates of Islamic State Oil Income
On November 21, 2014 · In Germany, ISIS, Islamic State (IS), Jihad, Jihadist Groups/Individuals, Terror Funding
A German intelligence report suggests estimates of the oil wealth of terror group the Islamic State are wildly overstated. Previously published estimates have suggested that the Islamic State, which controls large swathes of northern Syria and Iraq, could earn up to €3 billion a year from oil fields it controls. But a report from Germany’s Bundesnachrichtendienst (BND), the country’s foreign intelligence service, argues […]
How the Islamic State Smuggles Oil
On November 21, 2014 · In ISIS, Islamic State (IS), Jihad, Jihadist Groups/Individuals, Terror Funding, Turkey
Turkey is a focal point in the new international fight against ISIS. Its porous, 565-mile border has been a gateway for the foreign extremists who fill the ISIS ranks — and with sky-high domestic fuel prices, it has been a key market for the oil that funds ISIS. http://www.buzzfeed.com/mikegiglio/this-is-how-isis-smuggles-oil
Western Sales of Antiquities Fund Islamic State Jihad
On November 21, 2014 · In Iraq, ISIS, Islamic State (IS), Jihad, Jihadist Groups/Individuals, Syria, Terror Funding
“Many antique collectors unwillingly support terrorists like Islamic State, ” Michel van Rijn, one of the most successful smugglers of antique artifacts in the past century, told German broadcaster Das Erste this month. And smuggling is booming in Iraq and Syria right now. In Iraq, 4,500 archaeological sites, some of them UNESCO World Heritage sites, are reportedly […]
The Islamic State has been stealing priceless and irreplaceable historical antiquities—in some cases with heavy earth-moving machinery—which it sells on the black market to fund its Caliphate ambitions. By doing so, a significant amount of Islamic State assets are out of reach from traditional counter terror finance measures. http://news.usni.org/2014/10/27/isis-funds-terror-black-market-antiquities-trade
The case of a jihadist on trial in Germany for joining a group in Syria allied to Islamic State has brought to light how the extremists communicated with WhatsApp and struggled to send funds to the Middle East. As the trial opened to a packed court room in Stuttgart, local media reports painted a picture of […]
German police arrested ten Muslim men suspected of robbing churches and schools to fund the Islamic State. The Jihadis, ranging in age from 22 to 58 years old, were from several German cities (Cologne, Siegen, Bergisch-Gladbach, Kreuztal, and Netphen) suggesting widespread Jihadist activity in Germany. Over 240 police officers took part in raids leading to the arrests. The police report […]
The Islamic State is well funded for a terrorist group, a Treasury official said this week, but it lacks the financial strength to fulfill its ambition of becoming a nation. Perhaps the Islamic State doesn’t need so much money to run the type of government they have in mind… http://www.washingtonexaminer.com/article/2556136
Islamic State Offered 14-year old Turkish Boy $25,000 in Bomb Plot
On November 14, 2014 · In Austria, ISIS, Islamic State (IS), Jihad, Jihadist Groups/Individuals, Terror Funding
A 14-year-old boy suspected of planning a series of bombings in Vienna, Austria was reportedly offered $25,000 by Islamic State Jihadis to carry out the bomb attacks… http://www.telegraph.co.uk/news/worldnews/islamic-state/11199628/Boy-14-who-planned-Vienna-bombings-was-recruited-on-internet-by-Isil.html
CBC News speaks with financial crimes specialist Christine Duhaime http://www.cbc.ca/news/world/funding-isis-how-to-stop-cash-flow-from-countries-like-canada-1.2780258
Foodstuffs, medical supplies—even clinics—are going to Islamic State terrorists while the distribution networks are paying Islamic State ‘taxes’ and putting Islamic State Jihadis on their payrolls. Read more at the Daily Beast: http://www.thedailybeast.com/articles/2014/10/19/u-s-humanitarian-aid-going-to-isis.html
As quoted by Newsweek magazine, the SITE Intelligence Group is reporting that the Islamic State has established a new currency made up of gold, silver and copper coinage. The new currency is designed to “remove Muslims from the ‘satanic usury-based global economic system.’” Here is the Islamic State’s statement on the new currency: Based on […]
We are not in the habit of quoting official Russian news agencies here, but in this case TASS is simply regurgitating what has already been widely reported in independent Western media: The Islamic State (IS), which has declared a caliphate stretching across Syria and Iraq, has been placed on top of the list of the […]
Burglaries in Germany Said to Fund Islamic State Jihad
On November 12, 2014 · In Germany, ISIS, Islamic State (IS), Jihad, Jihadist Groups/Individuals, Terror Funding
Eight German Muslims and one Pakistani living in Germany robbed churches and schools to raise money for the Islamic State… http://www.telegraph.co.uk/news/worldnews/islamic-state/11226434/Suspected-Islamic-State-supporters-arrested-in-Germany.html
The US Chamber of Commerce has long been a nefarious organization when it comes to national security. It fought vigorously against sanctions on the terror-sponsoring Islamic Republic of Iran and fought just as vigorously against the state-level Iran divestment campaign. More recently, the US Chamber of Commerce’s efforts to prevent sane border security and security-based […]
The US Treaury’s Plan to Attack Islamic State Funding
On October 28, 2014 · In ISIS, Islamic State (IS), Jihad, Jihadist Groups/Individuals, Terror Funding
Remarks of Under Secretary for Terrorism and Financial Intelligence David S. Cohen at The Carnegie Endowment For International Peace, “Attacking ISIL’s Financial Foundation” 10/23/2014 As prepared for delivery WASHINGTON – Good morning. Thank you, Dr. Muasher and thank you to the Carnegie Endowment for hosting me here today. It’s truly an honor to have […]
At least “several” citizens of Trinidad & Tobago have provided various types of aid to Jihadists, including the Islamic State, the national security minister of the Caribbean nation said yesterday. Some of the country’s citizens taking part are fighters and others are providing logistical and financial support. The country of 1.2 million people has a small […]
Throughout 2012 and 2013, during which Syrian opposition groups received mostly rhetorical, rather than material, support from the United States and Western nations, Sunni politicians and clerics in the Arab Gulf raised millions for the rebellion, turning Kuwait into a regional hub for private donations. Dozens of clerics and opposition politicians have held fundraisers and gatherings to […]
Analysis: The Bomb-Proof Finances of the Islamic State
On October 7, 2014 · In ISIS, Islamic State (IS), Jihad, Jihadist Groups/Individuals, Terror Funding
The Soufan Group has a pretty good analysis of why cutting off the Islamic State’s financing is going to be difficult. Summary followed by link to full report: • Attacking the finances of the so-called Islamic State (IS) with limited collateral damage will be orders of magnitude more difficult than attacking its military factions • […]
There are few things in life more infuriating than obviously misguided, flawed strategy and tactics employed in war. Unfortunately, the way that the Obama administration has prosecuted the war on terror…or overseas contingency operations…or whatever they’re calling it these days…provides blatant examples of flawed, misguided strategy and tactics. As SFW, Money Jihad blog and other […]
We don’t entirely agree with this analysis; we have seen evidence that funding from wealthy Saudis, Qataris and Kuwaitis have contributed substantially to IS’s coffers and we are skeptical that this activity has ceased. That said, IS activity in the oil market and other illicit activities no doubt contribute even more at this point… http://www.nydailynews.com/opinion/isis-funds-reign-terror-article-1.1931954?cid=bitly […]
Cash-Rich Islamic State Buying Support in Morroco
On September 25, 2014 · In ISIS, Islamic State (IS), Jihad, Jihadist Groups/Individuals, Morocco, Terror Funding
WorldTribune.com reports that the Islamic State has been quietly building a presence in Morocco. IS is believed to have established cells in several regions of Morocco focused on the northern region of the North African kingdom, including Laarache and Tangier. “ISIL has plenty of money and are buying supporters,” a security source told World Tribune. http://www.worldtribune.com/2014/09/05/cash-flush-isil-buying-supporters-northern-morocco/ […]
Report: Islamic State “Banker” Was Director of Islamic School in UK
On September 25, 2014 · In ISIS, Islamic charities, Islamic State (IS), Jihad, Jihadist Groups/Individuals, Kuwait, Syria, Terror Funding
One of the Islamic State terror group’s key financiers was director of an Islamic madrassa in Birmingham, England. Prominent Islamic cleric Dr Nabil al-Awadi, a naturalized Kuwaiti, was a part-time resident in the UK until last year, living in Brixton, south London. Now he is president of the Kuwait Scholars’ Union, which has reportedly channelled tens of millions […]
The Islamic State makes money many ways: zakat donations, oil revenue…and fencing stolen antiquities… In extensive conversations with those working and living in areas currently under ISIS control, we learned that ISIS is indeed involved in the illicit antiquities trade, but in a way that is more complex and insidious than we expected. In general, […]
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