Islamic State continues to fundraise through kidnappings for ransom

The Islamic State continues to raise money by conducting kidnappings for ransom. A recent hostage negotiation will likely net the group $27 million.

The Islamic State kidnapped 30 Druze in late July. In order to secure their release, the Syrian government has agreed to release 60 Islamic State members and pay a $27 million ransom.

Analysis: The Islamic State has raised significant amounts of money by kidnapping and ransoming people within its area of control or influence. The group has also kidnapped foreigners and raised money through their ransom, but has also used foreigners for propaganda value in executions. The kidnapping of people in areas proximate to ongoing Islamic State control or influence will likely continue, as this lucrative source of funds provides the group with a significant financial lifeline.

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Jessica DavisComment