The economy of Isis (and how it obtains funds)

According to a Bloomberg video, Islamic State differs from other terrorist organisations in that its funds come from many different sources.

The Money Show’s Bruce Whitfield interviewed Na’eem Jeenah, Executive Director of the Afro-Middle East Centre.

Na’eem looked at the economy of Isis.

Scroll down for quotes from the audio below.

Isis is more than a terror organisation. It controls territory and regards people within it as citizens. Providing services is a huge expense.

Na’eem Jeenah, Executive Director of the Afro-Middle East Centre

Isis makes a fair amount from kidnapping people.

Na’eem Jeenah, Executive Director of the Afro-Middle East Centre

A large part of its revenue comes from what it calls taxes.

Na’eem Jeenah, Executive Director of the Afro-Middle East Centre

The country-side that they control produces a lot of wheat.

Na’eem Jeenah, Executive Director of the Afro-Middle East Centre

The biggest part of its revenues comes from the sale of oil.

Na’eem Jeenah, Executive Director of the Afro-Middle East Centre

Not everyone asks where oil originally comes from.

Na’eem Jeenah, Executive Director of the Afro-Middle East Centre

I’m pretty sure some G20 members are buying this oil.

Na’eem Jeenah, Executive Director of the Afro-Middle East Centre

Up to a year and a half ago its funding was largely through donations. That hasn’t stopped, but it’s just a tiny part of their revenue now. After establishing themselves in Iraq and Syria they started making income in the way normal states do.

Na’eem Jeenah, Executive Director of the Afro-Middle East Centre

To destroy Isis you need boots on the ground.

Na’eem Jeenah, Executive Director of the Afro-Middle East Centre

Muslim communities around the world haven’t come to grips with how to stop Isis from recruiting new members.

Na’eem Jeenah, Executive Director of the Afro-Middle East Centre

A large part of Isis’ weapons came from the Iraqi army. Some weapons even came from Saddam Hussein’s army.

Na’eem Jeenah, Executive Director of the Afro-Middle East Centre

A lot of weapons that Isis has originated from the United States.

Na’eem Jeenah, Executive Director of the Afro-Middle East Centre

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