ISIS’ Sources of Revenue Unclear, But Group Well Financed

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According to Foreign Policy magazine, before the onset of U.S. airstrikes last summer, ISIS was estimated to be producing more than 80,000 barrels a day and selling it on the black market for about $1 million to $3 million a day.

“ISIS is selling anything they can get their hands on,” Dr. Daveed Gartenstein-Ross, a senior fellow at the Foundation for Defense of Democracies, told Fox News.

While ISIS is receiving donations from “charities” in the region, Gartenstein-Ross says most of the “charities [supporting radical Islam] in the Gulf are aligned with al-Qaida, not ISIS.”
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