Book Name:Qurbani Kay Fazail O Masail
Therefore, any Muslim who is Malik-e-Nisab (the person who possesses 52 ½ Tola silver or he has the same amount equivalent to either of the above item in value in business goods or non-business goods, which are not goods that are the basic necessities of life. The wealth and/or property should be ‘extra’ above one’s basic necessities (Haajat-e-Asliyyah), Shar’i Qurbani is Wajib for such person. So, those Muslims who are Malik-e-Nisab, sacrifice is mandatory upon them and they should not incur the wrath and displeasure of Allah عَزَّوَجَلَّ by evading and making different excuses.
The Noble Rasool صَلَّى اللهُ تَعَالٰى عَلَيْهِ وَاٰلِهٖ وَسَلَّم has said: The one, who can afford to perform the Qurbani but does not perform it, should not come near our Eid-Gah [i.e., an open area for Eid Salah]. (Sunan Ibn Majah, vol. 3, pp. 529, Hadees 3123)
Does one have to borrow money for the Qurbani?
Dear Islamic brothers! It is a matter of serious concern for those who do not perform their Wajib Qurbani despite being able to do so. Is it not a big loss that they are deprived of such a great reward? Furthermore, they are sinners and deserve Hell-fire. It is stated on page 315 of the 3rd volume of Fatawa Amjadiyyah: If the Qurbani is Wajib for a person and he does not have money at that time, then he should perform the Qurbani even by borrowing money or selling any of his belongings.
Currently, being drifted away from Islamic teachings, Muslims fail to perform this important obligation properly as it deserves to be performed. It is the miserable state of Islamic teachings of our majority living in our society that different Malik-e-Nisab family members living in same house sacrifice merely a goat on behalf of entire family and how an animal should be for sacrifice? Or would any animal carrying any fault invalid their sacrifice? Public is ignorant of all these important facts. After having sacrificed animal, they remain in misconception that they have acted upon the Sunnah of Sayyiduna Ibraheem عَـلَيْـهِ الـسَّـلَام and they have fulfilled an obligatory act, even though, responsibility of performing an obligatory act still lies with them. It is for the reason, knowledge of laws and rulings of sacrifice are extremely important.