New Delhi: ISIS militants are closing in on the capital city of Baghdad in Iraq. Gun battles are on in Baquba which is less than 40 miles north of Baghdad.
Some say that the ISIS that is the Islamic State of Iraq and Syria is the most dangerous terrorist group in the world today. It's also possibly the richest.
The group is trying to form an independent state with territory in Iraq, Syria, and parts of Lebanon. They are led by an Iraqi cleric who goes by the name Abu Bakr al-Baghdadi.
In its unrecognized self-proclaimed status as an independent state, it claims the territory of Iraq and Syria, with implied future claims intended over more of the Levant—including Lebanon, Israel, Jordan, Cyprus and Southern Turkey.
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It was established in the early years of the Iraq War and pledged allegiance to al-Qaeda in 2004.
The group has been fighting against Syrian President Bashar al-Assad as well as other militant Islamic groups in Syria for control of parts of Syria while also fighting the Iraqi government in its quest to form the unified ISIS state.
Its brutal tactics have been disavowed as too extreme by al Qaeda's leader Ayman al-Zawahiri.
This week, ISIS forces took Mosul, the third biggest city in Iraq and the biggest one along the Iraq-Syria border.
When they took the city, the ISIS seized more than $400 million from city banks, making it richer than many small nations.
The group is widely reported as receiving funding from private donors in Gulf states.