EconSource: ISIS Made $11 Million Per Month in Iraq Province

The Islamic State (ISIS or ISIL) made $11 million per month from “organized crime” in Iraq's Nineveh province before seizing Mosul in June of last year, a parliamentary report obtained by AFP says. ISIS members acted like “mafias managing organized crime” and controlled “all the economic resources of the province,” said the report. ISIS had “a specific system for collecting money” and imposed “specific rates” on different social groups as part of its highly successful racketeering. The report cited various examples of “taxes” levied by ISIS, including on petroleum products being transferred from a major refinery in neighboring Salaheddin province, which brought in about $1 million per month. “Everyone was paying Daesh [ISIS], even the vegetable sellers,” the report said, adding that the funding was “a major economic resource that helped in a fast and efficient way to entrench this terrorist organization and double its human and logistical capabilities.” [AFP, 8/19/2015]