Inside the ISIS loot market - here's how much fighters can sell their 'war spoils' for

ISIS (also known as ISIL, Islamic State, and Daesh) has managed to grow its territory and conduct mass operations overseas because it has an abundance of funding.

While Western governments have launched air strike campaigns on ISIS-claimed oil fields and refineries to stem the flow of funding, latest FT research shows that taxation and confiscation - basically looting - gives the terrorist group nearly the same amount of revenue as it gets from oil.

The FT report says that every time ISIS seizes more land, the fighters are paid using the goods they stole in raids and looting sprees.

According to the FT, ISIS authorities calculate the dollar value of the stolen goods. They then pay the raider responsible for the confiscation a fifth of the market value, then put it up for sale in a local market. ISIS fighters are then able to buy the item for half the local "loot market" value.

Business Insider took a look at the FT's report and highlighted six items here.