ISIS is worlds richest Terrorist group with $450 million Bank loot

[rock127]

ISIS is worlds richest Terrorist group with $450 million bank loot

Members of the Islam State of Iraq and Shaam (ISIS) with senior commander Abu Waheeb

The radical Islamist fighters sweeping through Iraq — with their sights set on Baghdad — knocked over a bank in Mosul this week, making off with around $450 million in cash, the city's mayor said.

The Islamic State of Iraq and Syria was now said to be the world's richest terror group after plundering around $450 million from a bank in Mosul, in northern Iraq, this week.

The radical Islamists surging through Iraq's heartland are flush with cash after looting a large bank in an oil-rich hub in the country's north, making off with nearly half a billion dollars, officials say.Fighters from the Islamic State of Iraq and Syria seized around $450 million from a large bank and plundered large stashes of gold bullion during their sweeping takeover of Mosul this week, the city's mayor, Athier Nujaifi, told NBC News.

Though exact numbers were difficult to pin down, the stunning windfall appeared to make the Al Qaeda-inspired force the richest terror group in the world, NBC said.
The dire conflict in Iraq escalated sharply Friday as the Sunni fighters overran two more towns in the eastern province of Diyala and continued their virtually uncontested march toward Baghdad.NBC News reported cab drivers in the capital were charging Iraqis as much as $100 to flee the city — an outrageous sum in a country where workers make between $5 and $10 a day, according to state department numbers.

Meanwhile, ISIS's score in Mosul made its cash sums greater than those of several small nations, including Tonga and the Falkland Islands, the International Business Times reported, citing numbers from the blog Money Jihad.The Taliban was once thought to be the richest terror organization in the world, with somewhere between $70 million and $200 million in 2011, Money Jihad reported.

During the Mosul occupation, the militants also freed as many as 1,000 inmates from a local prison, IBTimes reported.

Fearing the beheadings, kidnappings and execution-style killings the group is known for, hundreds of thousands of Iraqis have fled their homes as the Islamic militants seized large swaths of northern Iraq and threatened to impose Sharia law in the cities they occupied.

 

[Abhijat]

Their cash holding are toilet paper and nothing else, with hyper-inflation it is worth nothing. But if they have some valuables then it needs to be worried about. Any way it's doesn't make any difference , sheikhs are already sponsoring them with their petro dollar , so they don't need to be worried about finance.

 

[rock127]

Their cash holding are toilet paper and nothing else, with hyper-inflation it is worth nothing. But if they have some valuables then it needs to be worried about. Any way it's doesn't make any difference , sheikhs are already sponsoring them with their petro dollar , so they don't need to be worried about finance.

Drugs and Petro money from Sunni Wahabis is their major source and then comes money from kidnapping/extortion and other illegal activities.

 

[rock127]

The world's 5 richest terrorist groups

August 29, 2011
In terms of their annual operating budgets to the best of our knowledge at this time, the Taliban, Hezbollah, the FARC, Hamas, and al-Shabaab may be the wealthiest terrorist organizations in the world today. Al Qaeda trails, but if all its affiliated organizations are included, Al Qaeda remains in the upper echelon of the world's terror budgets.

1. Taliban

Taliban nets between $70 and $400 million from drug activity (of which at least $15 to $25 million is collected as ushr, Islam's 10 percent tax on harvests) annually. In addition, the Taliban collects an estimated $150 to $200 million per year in zakat and sadaqa donations, mostly from the Arab nations of the Persian Gulf. These figures exclude extensive Taliban revenues from ransoms, extortion, and improperly diverted money from Western aid, U.N. contributions, defense contractors, and the Afghanistan government itself. My own estimate would place that subtotal of an additional $50 million per year.

Splitting the difference for the estimated range of revenues, that would bring the Taliban's total budget to an estimate of approximately $560 million annually.

2. Hezbollah

Rachel Ehrenfeld's Funding Evil documented that Hezbollah's annual operating budget is between $200 and $500 million. Iran provides at least $120 million of that, with the rest coming from khums, drug trafficking, and other criminal activity.

3. FARC

Columbia's Marxist guerrillas, the FARC, enjoy annual revenues that range from estimates of $80 to $350 million.

4. Hamas

For 2010, Gaza's budget adopted by Hamas was $540 million, but that's a larger amount than Hamas's own budget. The Council on Foreign Relations lists Hamas's budget as $70 million. However, the recent news that Iran is cutting or ending its aid to Hamas which would substantially diminish Hamas's treasury. Hamas receives significant funding through charitable front groups and from Saudi Arabia.

5. Al Shabaab
A recent report from the U.N. revealed that al-Shabaab's revenues are between $70 and $100 million per year, propelling it into the top tier of global jihadist funding.

DISHONORABLE MENTIONS

Al Qaeda

The CIA estimated that before 9/11, al Qaeda's annual budget was $30 million, which was almost exclusively from "donations" (zakat and sadaqa). By almost all accounts, al Qaeda's financial situation has deteriorated since then. Other estimates place their budget from $16 to $50 million, which still puts al Qaeda itself toward the bottom of the list. However, there are indications that revenue collections of al Qaeda offshoots such as Al Qaeda in the Arabian Peninsula (AQAP), Al Qaeda in the Islamic Maghreb (AQIM), and al-Shabaab are flush with funds. With AQIM in particular, the evidence shows that funds are being transferred from the regional organization back to the parent al Qaeda organization itself.

Lashkar-e-Taiba
Reuters calls Lashkar-e-Taiba (whose revenues include hawala, the Gulf, and Pakistan's ISI) "one of the largest and best-funded Islamic militant organizations" in South Asia.

It bears repeating that much of the revenue listed above, with the exception of the FARC's drug money, originate from traditional Islamic revenue sources such as zakat, sadaqa, khums, and ushr, rather than from "secular," criminal activity.

 

[Abhijat]

@rocky127

Here is an interesting article on whole financial network of TALIBAN.

Taliban flush with cash, warns U.N. report - The Hindu