Posted by: madkentdragon | August 25, 2014

Who Is Bankrolling Islamic State?


I asked this question on Twitter the other day and got one answer; coincidentally, that evening, whilst watching “The Papers” on BBC News channel, another country came up!

These are the answers I’ve received:

  • Qatar
  • Syria
  • Banks and financial institutes in the captured city of Mosul
  • Ransoms from kidnappings

Qatar, what do we really know about this country – apart from the fact that it somehow won the bid to stage the word cup in 2022. It is an extremely wealthy country with Sharia based laws. It makes me wonder what will happen during the World Cup – will people be safe?

Would it be worth its while to fund this terrorist organisation? I suppose that by employing militants, it would appear to be above suspicion (not me guv!) and it could gain land and more oil wells, making it a bigger rival to Saudi Arabia.

Syria – the discussion I watched claimed that Assad had let them occupy an area containing an oil field and that the oil is sold back to Syria raising funds for its activities. In return Syria gets left alone, the fact that ISIS as it was originally named was spawned among the blood and chaos of this war torn state does add some credence to this. But will IS really leave Assad’s Syria alone?

Mosul was a wealthy town in Iraq and there’s no doubt that much money has been raised from that.

Finally, kidnapping, despite most countries state that they will not pay ransoms most do – with the exception of the US and UK; ransoms are in the millions of pounds/euros/dollars and would certainly go some way to fund them.

Why am I asking this question, compare the IEDs etc. of the Taliban in Afghanistan to the fully fitted organisation that IS has evolved into – so WHERE IS THE MONEY COMING FROM?

If the source could be removed, then surely the scales would be more balanced?

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