Islamic State’s 2015 monthly income totals some $80 million, with around half coming from taxation and confiscation from businesses within its territory and 43% from oil, according to a study released Monday.
“Unlike al-Qaida, Islamic State has not been dependent on money from foreign donors, to avoid leaving it vulnerable to their influence,” said Columb Strack, senior analyst at IHS (Information Handling Services, an information and analysis leader), and lead analyst for IHS Conflict Monitor.
“Our analysis indicates that the value of external donations to Islamic State is minimal, compared with other revenue sources.”
The study of open source intelligence, including social media, was conducted by the team responsible for the monthly Conflict Monitor at IHS Aerospace, Defense and Security.
“According to information gathered from Arabic-language social media, and our in country source network, efforts to target Islamic State’s sources of revenue are paying off,” Strack said.