Terror group’s finances cut by half

A study of the finances of so-called Islamic State reveals that the group’s loss of territory, coupled with an increasingly effective anti-IS coalition, has led to a dramatic decline of income since 2014

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Income by revenue type (US$ millions, estimates)

Abu Bakr al Baghdadi: IS leader

Total $970m-$1,890m

Looting, confiscations and fines 500-1,000

Oil 150-450

Taxes and fees 300-400

Kidnapping 20-40

2014


$1,035m-$1,700m

200-350

435-550

400-800

Unknown

2015 


$520m-$870m Down 46%-54%

110-190

200-250

200-400

10-30

2016

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Jun 2014: IS captures Mosul and Tikrit in Iraq. IS leader announces formation of caliphate stretching from Aleppo in Syria to Diyala in Iraq

Aug: U.S. President Obama launches air strikes against IS in Iraq

Sep: U.S. launches air strikes against IS in Syria

2015: IS-linked attacks in Australia, France, Lebanon, Saudi Arabia, Turkey, Tunisia and U.S. kill at least 227 people

Sep 2015: Russia begins airstrikes in Syria

Oct: U.S.-led coalition launches Operation Tidal Wave II against IS-controlled oil transport, refining and distribution facilities and infrastructure

2016: IS-linked attacks in Belgium, France, Germany and U.S. kill 185 people

Oct: Iraqi and Kurdish forces backed by U.S.-led air support launch operation to liberate Mosul

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Source: International Centre for the Study of Radicalisation 

Picture: Associated Press 

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