Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign and Commonwealth Affairs, what recent reports he has received on sources of funding for the terrorist activities of ISIL, Hezbollah and Hamas.

Our analysis of the information available on ISIL’s funding flows suggests that a substantial share of ISIL’s revenue is derived from the sale of oil and commodities, taxation and extortion. Other sources have included foreign donors, kidnap ransom payments, and money and antiquities looted in Iraq and Syria.

We are working with our partners in the international community to deny ISIL access to funds, and we played a key role in the adoption of UNSCR 2170 (15 August 2014), which calls on all states to ensure that no funds, financial assets or economic resources are made available, directly or indirectly, to ISIL or to terrorists more generally.

Hizballah and Hamas both receive funding and support from a range of sources, including from countries in the region. The UK and EU have introduced legislation to prevent financing terrorism, which includes Hamas and the military arm of Hizballah. An EU asset freeze is also in place against Hamas.