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Islamic State remains flush with cash, holding financial reserves and assets ranging into the hundreds of millions of dollars

Sep 21, 2020 8:00 am By Robert Spencer 18 Comments

Why does the Islamic State have so much money? That is the question that few wish to face, and the reason why is clear from the answer: the Islamic State is flush with cash because there are some wealthy Muslims who believe in it. They consider it to be an authentic embodiment of Islamic doctrine and law, and so they finance it. But since the mainstream narrative is that the Islamic State twists and hijacks Islam, that fact is largely ignored.

“Islamic State, Defeated U.S. Foe, Still Brims With Cash, Ambition,” by Ian Talley and Benoit Faucon, Wall Street Journal, September 18, 2020 (thanks to Henry):

Islamic State remains flush with cash despite setbacks in the past year, holding financial reserves and a range of revenue streams that U.S. and Western security officials warn could pay for a dangerous resurgence.

The extremist organization and its affiliates have assets ranging into the hundreds of millions of dollars across the Middle East and Central Asia, according to the officials and government records reviewed by The Wall Street Journal….

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Filed Under: Islamic State (aka ISIS, ISIL, Daesh)


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Comments

  1. spiro says

    Sep 21, 2020 at 8:20 am

    Active Muslim
    Inactive Muslim
    Inactive bankrolled the active
    Both believe in jihad

    Reply
    • toomanyhobbies says

      Sep 22, 2020 at 9:20 pm

      and the democrats want to give them more why?

      Reply
  2. John Allan says

    Sep 21, 2020 at 9:28 am

    Well, it evidently isn’t spending it, so perhaps its donors should be asking just what it IS doing with it!

    Reply
    • spiro says

      Sep 21, 2020 at 4:24 pm

      Saving for future big events
      That’s what I think and I doubt their donors are real concerned about where the money goes their donors probably have plenty to go around

      Reply
    • gravenimage says

      Sep 21, 2020 at 4:32 pm

      ISIS has been doing lots of violent Jihad.

      Reply
  3. Mike says

    Sep 21, 2020 at 9:36 am

    Halal food taxes are a big part of supporting Islam

    Reply
    • gravenimage says

      Sep 21, 2020 at 4:22 pm

      Grimly true, Mike–as are many Muslim “charities”.

      Reply
    • spiro says

      Sep 21, 2020 at 4:27 pm

      be careful in Costco if your looking for whole lamb their are all Halal at least I one I go to

      Reply
  4. mortimer says

    Sep 21, 2020 at 10:09 am

    Follow the money trail to discover who the donors were. Expose them.

    I believe Turkey has been a major contributor to ISIS … chiefly by buying oil from them.

    Reply
    • Mahatam Singh says

      Sep 22, 2020 at 2:13 pm

      Turkey’s current leader wants to be leader of all Islamic countries, so going extra miles & supporting crazy folks.

      Reply
  5. Walter Sieruk says

    Sep 21, 2020 at 3:11 pm

    ISIS will scheme to obtain funds to further finance its jihad of violence of killing for the advancement of Islam by either “By crook or crook.”

    The deadly disasters of ISIS jihad terrorism had ,for a time , appeared to have had subsided , much to the credit of the power and might the US armed forces which cause the Islamic “state” to lost much of the land it had obtained by its brutal ,cruel and murderous Islamic terrorism .

    Nevertheless, ISIS might have a comeback, just like resurgence of a plague of as deadly infectious disease.

    Therefore there some people who might stop and think and wonder then asked the question a very good question .Which is “Since ISIS had lost so much territory ,why haven’t the jihadist who make up ISIS just given up in their mad Islamic quest against the West and for the advancement of Islam ?

    The answer to that question was provided in a speech by the ISIS spokesman, Abu Muhammad al Adnani, now dead, in this speech he had declared “True defeat is a loss of willpower and desire to fight…” he further explained “We would be defeated and you victorious only if you are able to remove the Qu ‘ran from Muslim hearts.” All this leads to a very important question: “Is the Qu ‘ran the Word of God or is it a fabrication of a man. Thus, is the Quran the truth or a fiction and a hoax ?” The jihadists, as those of ISIS use many verses from the Qu ‘ran as the main source of justification for their violence, mayhem and murders.

    As found in For example, 2:191.. 4:47 5:33. 9:5,111,123. 47:4 The answer is clearly given on pages 145 through 157 in THE ISLAMIC INVASION by Robert Morey in which he wrote a section on the Qu ‘ran with its self-contradictions. Just two of the many he cited are the following “The Quran differs on whether a day is a thousand years or fifty thousand years in God’s sight’ and “Who was first to believe? Abraham or Moses [Sura 6:14 versus 7:143]? The above is inconsistent and illogical. Further, Morey wrote about “The fact that Judaism and Christianity broke up into different sects was used in the Qu‘ran to prove that they are not of God [Suras 30:20-32. 42:13, 14]. Yet Islam has broken up into many warring sects and therefore cannot be true if the Qu ‘ran is right.” Moreover, Morey in his book shows many more contradictions and absurdities in the Quran, there are and how Muhammad incorporated extra Biblical and Jewish folklore along with pre-Islamic Arabian myth and parts of Zoroastrian and Hindu stories into the Qu ‘ran.

    Furthermore, the Muslims claim that “the Qu ‘ran is the direct, literal word of God unmodified in any way by the Prophet who uttered them at the bidding of God.” Nevertheless, in the book UNVEILING ISLAM by Ergun Mehmet and Eethi Caner has shown that the Qu’ran was modified in the following account on pages 45. “Muhammad felt the need to improve on the words of Allah, since he changed Allah’s wisdom for his own on several occasions. A hadith tells of the nonchalant emendations of Muhammad:’ On a number of occasions he [a scribe] had, with the Prophet’s consent changed the closing words of verses. For example, when the prophet had said ‘God is mighty and wise ‘ Adbollah b. Abi Sarh suggested writing down ‘Knowing and wise’ and the Prophet answered that there was no objection. Having observed a succession of changes of this type, Adbollah renounced Islam on the grounds that revelations, if from God could not be changed at the prompting of a scribe such as himself. After his apostasy he went to Mecca and joined the Qorayshites.’ Other writers reveal that later Muhammad and his people did go war with the Qorayshites and he personally killed Abdollah. Obviously Abdollah knew too much and Muhammad wanted Abdollah’s knowledge to die with him.”

    In conclusion, the Qu ‘ran, which is the foundation for ISIS, is not only a fiction, it’s also a hoax.

    It also should be added that since the Qu,ran has been proven to be a hoax ,as seen above ,this exposes the entire foundation of and for ISIS ,which is the Qu’ ran , then this means that the jihadists of ISIS have taken up a stand for a bad cause. To be more clear and specific a very bad cause.

    The Bible instructs “Do not stand up for a bad cause.” Ecclesiastes 8:3. [N.I.V.]

    Reply
  6. gravenimage says

    Sep 21, 2020 at 4:25 pm

    Islamic State remains flush with cash, holding financial reserves and assets ranging into the hundreds of millions of dollars

    Why does the Islamic State have so much money? That is the question that few wish to face, and the reason why is clear from the answer: the Islamic State is flush with cash because there are some wealthy Muslims who believe in it…
    ………………..

    This is true There are also Islamic nations supporting these Jihadists, as are many ordinary Muslims.

    We should be working to strip the “Caliphate” of these monies.

    Reply
  7. Bella says

    Sep 21, 2020 at 5:32 pm

    Halal foods, stolen oil, drug trade, human smuggling all pay for the pislamic state. Am sure this is just a part list.

    Reply
  8. Vladimir says

    Sep 21, 2020 at 5:36 pm

    ISIS has the money and the ideological staying power to continue to exist, and the ability to keep popping up somewhere around the world to try to seize a territory and expand. The other problem with destroying them is that their enemies hate and/or fear each other more than they do ISIS, and so their actions are stopped short by each other and enable ISIS to continue to exist.

    Reply
  9. SemiDave says

    Sep 21, 2020 at 7:09 pm

    ISIS has always been.

    Reply
  10. terry sullivan says

    Sep 22, 2020 at 7:12 am

    eu funds islam

    Reply
  11. Danilo Fonseca says

    Sep 22, 2020 at 4:15 pm

    The ISIS it’s American invention to sale the guns and to food the greed of great devil of ocident, the ideology muslim it’s used for everything, kill steal and destroy, in fact the truly thugs it’s not die, they are seat in the chairs in the control of the massacration of thousands of people, how say the report much people put Money for invest in this insanity called, war.

    Reply
    • gravenimage says

      Sep 22, 2020 at 4:58 pm

      “Danilo Fonseca” wrote:

      The ISIS it’s American invention to sale the guns and to food the greed of great devil of ocident,
      ………………………

      It is not the US that allows the Islamic Caliphate, Shari’ah law, and enslaving girls and using them as sex slaves. That would be Islam.

      Moreover, hordes of pious Muslims have flooded into the Islamic State–why would this be the case if ISIS was American and its actions had nothing to do with Islam? Of course this is claptrap.

      More:

      the ideology muslim it’s used for everything, kill steal and destroy, in fact the truly thugs it’s not die, they are seat in the chairs in the control of the massacration of thousands of people, how say the report much people put Money for invest in this insanity called, war.
      ………………………

      It is Islam that calls for unending war until this foul creed is spread everywhere. Pretending that the savagery of Islam is actually American makes no sense.

      Then, will “Danilo Fonseca” condemn the “Prophet” Muhammed for slaughtering unbelievers and raping Infidels? Let’s just say I really doubt it…

      Reply

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