Q. On whom is Qurbani Wajib (obligatory)?
(Query published as received)
A. Qurbani is Wajib (obligatory) on every Muslim who is:
a) Of sound mind – mature (has reached the age of puberty),
b) Muqeem (i.e. he is not a Shari traveller)
c) Possesses the Nisaab amount (612,36 grams of silver) or wealth equivalent to that value which is in excess of one’s basic needs and debts on any of the three days of Qurbani. Unlike in the case of Zakaat, It is not necessary that this amount be in one’s possession for a complete lunar year. (al-Fatawa al-Hindiyyah)