posted by Christopher W. Holton Income for the Islamic State has dropped by 80-percent over two years. According to a study of its finances, an extended air campaign, and loss of territory, hit the oil and tax revenue streams for the militant group. The self-proclaimed caliphate earned an average of $81 million in the second […]
posted by Christopher W. Holton The Islamic State derives at least a significant portion of its income from oil revenue. U.S. air strikes have reduced that revenue stream. Also, because the number of people living under the direct control of the Islamic State has declined, tax revenues have declined. All of this data comes from […]
Captured Documents Detail Islamic State’s Revenue Streams
On December 28, 2015 · In ISIS, Islamic State (IS), Jihad, Jihadist Groups/Individuals, Syria, Terror Funding
Documents captured by U.S. Special Operations Forces in a May raid in Syria reveal how the Islamic State has established departments to handle “war spoils,” including slaves, and the exploitation of natural resources, especially oil. The documents detail how a formerly small Jihadist insurgent organization has set up a sophisticated bureaucracy to handle revenue streams – from stolen oil to looted antiquities. http://news.yahoo.com/exclusive-seized-documents-reveal-islamic-states-department-war-061002683.html
Open source reporting dated November 2014 indicated the leader of the Islamic State, Abu Bakr al-Baghdadi, ordered the minting of its own gold, silver, and copper “Islamic dinar” coins. On June 30, 2015, A Syrian activist claimed that the Islamic State began the minting, posting photos of a gold Islamic State dinar to his Twitter […]
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 […]
A former head of Britain’s foreign intelligence agency, MI6, pointed in a spech to Saudi Arabia as a likely source of funding to the Islamic State of Iraq and the Levant (ISIS)… LINK to video http://www.mrctv.org/videos/former-british-intelligence-chief-speaks-substantial-and-sustained-saudi-funding-isis
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