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The ISIS raises money through various activities including taxes it imposes and collects in territories under its control. This extends to taxes on Christians in Mosul. Other activities include smuggling and money raised from taking oil refineries in Iraq and Syria. Some of the oil in Syria is sold to the Assad regime. Money is also raised from bank vaults such as in Mosul. It also has wealthy backers in Saudi Arabia and the Gulf kingdoms as a result of the Sunni-Shiite conflict.
Grouped Articles
Iraq Insurgents Reaping Wealth as They Advance
New York Times 06.20.2014
Washington Post 07.12.2014
Iraq Crisis: Effort to Aid Kurdish Forces Puts Iran, U.S. on Same Side
Wall Street Journal 08.14.2014
Want to Defeat ISIS? Help the Syrian Opposition
Wall Street Journal 08.14.2014
U.S. Widens Air Campaign in Northern Iraq
Wall Street Journal 08.18.2014
Assad Policies Aided Rise of Islamic State Militant Group
Wall Street Journal 08.22.2014
ISIS Atrocities Started With Saudi Support for Salafi Hate
New York Times 08.22.2014
Islamic State Fills Coffers From Illicit Economy in Syria, Iraq
Wall Street Journal 08.28.2014
U.S., Allies Step Up Efforts to Choke Off Islamic State's Funding
Wall Street Journal 09.10.2014
Iraq and U.S. Find Some Potential Sunni Allies Have Already Been Lost
New York Times 11.15.2014
Months of Airstrikes Fail to Slow Islamic State in Syria
Wall Street Journal 01.15.2015
Coalition Has Reclaimed Territory from Islamic State, Kerry Says
Wall Street Journal 01.23.2015
In Islamic State Stronghold of Raqqa, Foreign Fighters Dominate
Wall Street Journal 02.05.2015
Splits in Islamic State Emerge as Its Ranks Expand
Wall Street Journal 03.10.2015
Islamic State’s Deep, Poisonous Roots
Wall Street Journal 01.02.2016
Islamic State and the crisis in Iraq and Syria in maps - BBC News
BBC News 12.07.2016
Iraq Recaptures Al Nuri Mosque in Mosul, but Only Rubble Remains
The New York Times 06.29.2017
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