Anorak | IS in Qatar Is Richer Than Ireland And Better At Extortion Than Hamas

IS in Qatar Is Richer Than Ireland And Better At Extortion Than Hamas

by | 24th, September 2014

The airstrike map shown by Army Lt. Gen. William Mayville, Jr., Director of Operations J3, as he briefs the news media on operations in Syria, at the Pentagon in Arlington, Va., Tuesday, Sept. 23, 2014. (AP Photo/Cliff Owen) Date: 23/09/2014


THE US-led attack on Islamic State is leading the news cycle. Every report contains the fact that five Arab states are backing the assault. One of them is Qatar.

But who is paying IS?


A small but steady flow of money to  ISIS  from rich individuals in the Gulf continues, say current and former U.S. officials, with Qataris the biggest suppliers. These rich individuals have long served as ‘angel investors,’ as one expert put it, for the most violent militants in the region, providing the “seed money” that helped launch  ISIS  and other jihadi groups.

No one in the U.S. government is putting a number on the current rate of donations, but former U.S. Navy Admiral and NATO Supreme Commander James Stavridis says the cash flow from private donors is significant now and was even more significant in the early fund-raising done by  ISIS  and al Qaeda’s affiliate in Syria, the al-Nusrah Front.

‘These rich Arabs are like what ‘angel investors’ are to tech start-ups, except they are interested in starting up groups who want to stir up hatred,’ said Stavridis, now the dean of the Fletcher School of Diplomacy at Tufts University. ‘Groups like al-Nusrah and ISIS are better investments for them. The individuals act as high rollers early, providing seed money. Once the groups are on their feet, they are perfectly capable of raising funds through other means, like kidnapping, oil smuggling, selling women into slavery, etc.’

Harriet Alexander, Telegraph:

Isil is the richest terrorist organisation in history.

Over the past six months, since the group began sweeping across eastern Syria and into Iraq, experts estimate that its leaders have gained access to £1.2 billion in cash more than the most recent recorded annual military expenditure of Ireland…

Five captured oilfields provide up to £1.8 million per day in revenue, with much of the oil smuggled across the border into Turkey and Iran.

They are thought to earn up to £5 million a month through extortion of local businesses. In the past year they are estimated to have made £40 million from taking hostages…

Private donations from supporters in the Gulf also contribute to their funding – although Saudi Arabia and other Gulf nations have tried to make it harder to do so without government approval. During the war in Afghanistan, Saudi supporters could donate money directly at their mosque with no government supervision.

What says Qatar ?

Qatar’s Foreign Minister Khalid Bin Mohammed Al Attiyah said : “Qatar does not support any extremist groups in any way.

“We do not have any connection with any extremist groups. Do you believe that we would have left journalists be slaughtered and beheaded like this if we had any connection with them? We would have saved James Foley’s life just as we have done so with American journalist Peter Curtis in Syria recently. We are committed to save human lives and retain human dignity and these are the basics of our policies.

Asked if wealthy Qatari’s were funding money to ISIS he said: “These accusations lack any evidence. In fact, we are part of the international community and we work along with other countries to support peace in the Middle East. We have very strict laws to regulate the flow of funds and we do monitor them. We, indeed, closely work with international organizations and security agencies involved to prosecute those who break our laws.


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Posted: 24th, September 2014 | In: News Comments (3) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink