Qurbani

Qurbani is observed by Muslims in order to honor the sacrifice that Ibrahim (AS) was prepared to make as he demonstrated the level of devotion and submission Allah (SWT) expects.
Performing Qurbani is an important part of being a Muslim; it demonstrates your obedience and dedication to Allah (SWT) and ensures you are following His wishes by supporting those in need around the world.
What are the benefits of giving Qurbani?
For those who offer the sacrifice, Allah has promised immense rewards and vast forgiveness as the Qurbani ritual also symbolizes the slaughter of our own despicable nature. For the recipients of the Qurbani meat, the benefit of animal sacrifice is that they are able to celebrate the joy Eid-ul-Adha.
According to most Muslims, Qurbani is highly recommended and according to the Hanafi madhab, it’s obligatory for every sane adult Muslim male/female who has wealth in excess of his/her needs. Normally, if you’re eligible to pay Zakat, then you’re also obliged in the Hanafi madhab to give Qurbani.