As with most such groups, IS-Somalia’s financial dealings are opaque. In Puntland, it generates funds by extorting businesses in the seaport city of Bosasso, as well as by helping export small quantities of gold mined in Bari.
Secondly, clan connections help the group operate in the area. Its leadership is dominated by the Ali Salebaan, a small sub-clan of the Darod/Majerteen.31 This sub-clan’s members harbour grievances about the governing arrangements in Puntland, in which its rivals, particularly the Mohamud Salebaan, are most prominent. Tensions have repeatedly flared between the Ali Salebaan and Mohamud Salebaan. One dispute in 2016 morphed into a campaign of armed resistance from the Ali Salebaan, which ended only when the Puntland authorities promised to allocate its members additional government positions.32
You can read the full article here, they are generating 6 million dollars by gold mining and extortion