Money Jihad
written by Staff
Friday December 19, 2014
Shattering previous estimates, Thomson Reuters Accelus says that ISIS’s annual income is $2.9 billion annually with total assets surpassing $2 trillion.
Most of the income comes from the energy sector, with 55 percent income coming from oil and natural gas. The remainder comes from extortion/Islamic taxation (12 percent); control of the Iraqi agricultural sector (primarily wheat and barley at 7 percent), the cement industry (10 percent), and phosphate mining (10 percent); kidnap-for-ransom schemes (4 percent); and donations (2 percent).
Hat tip to Gisele for sending in an infographic from their findings, which include the income breakdown:
Thomson Reuters Accelus
written by Staff
Friday December 19, 2014
Islamic State: The Economy-Based Terrorist Funding
The Islamic State (IS/ISIS/ISIL) has taken control of a territory equal in size to the United Kingdom with a population of over eight million. The profile and the power of this group are a first in the history of contemporary terrorism. It has acquired majority control over the Syrian governorates of Aleppo, Raqqah and Deir es-Zor and the Iraqi provinces of Salahuddin, Al-Anbar, Nineveh, and Diyala.
The IS exerts authority over a range of industrial and commercial activities, natural resources and commodities, from oil to agricultural products and minerals. Based on conservative estimates, the IS currently control assets in excess of US$2 trillion, with a current annual income amounting to
US$2.9 billion.
Given the importance of these figures, it is likely that the organization of the Islamic State is trying to enter the mainstream economy either through the banking system or via certain industrial sectors, especially energy and commodities. In this respect, IS represents an unprecedented level of risk.
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