IS earns $80M a month but finances running low

BEIRUT: The Islamic State (IS) group is pulling in some $80 million a month, mainly from levies and confiscations, but is struggling financially as strikes hit its oil infrastructure, analysis firm IHS said in a report.

IHS Conflict Monitor said IS, unlike other jihadist groups such as al-Qaeda, does not need to rely on foreign funding as it can count on revenues from the large parts of Syria and Iraq under its control.