“It is not their meat, nor their blood that reaches Allah. It is your piety that reaches Him.”
(Quran)
According to Tirmizi Shareef and Sunan Ibn Majah, Hazrat Ayesha (radi Allahu anha) stated that Rasoolullah (PBUH) said, “The son of Adam does not do any action on the day of Qurbani which is more pleasing to Allah than the sacrifice of animals; and he will come on the day of Qiyamah with it’s hairs, horns and hooves (for reward); and the blood (of the sacrificed animal) certainly reaches Allah before it falls down to the ground. So make yourselves purified therewith.”
In another Hadith related in Sunan Ibn Majah, Zaid bin Arqam reported that the companions of Rasoolullah (PBUH) asked, “Oh! Messenger of Allah, what is this sacrifice?”
He said, “The way of your forefather (Prophet) Ibrahim (alaihis salaam).”
They said, “What is for us therein, O! Messenger of Allah?”
He said, “There is one reward for every hair.”
They said, “For wool, O! Messenger of Allah?”
He said, “There is one reward for every strand of wool!”
Hazrat Jaber reported that the Messenger of Allah slaughtered on the day of sacrifice two horned, white and black castrated rams. When he faced them towards the Qibla, he said: “Verily I turn my face towards the One who created the heavens and the earth, upon the religion of Abraham, being upright, and I am not one of the polytheists. Verily my prayer, my life and my death are all for Allah, the Lord of the worlds. There is no partner with him and I have been ordered that, and I am one of the Muslims. O Allah, it is Thine and for Thee, from Muhammad and his Ummah: In the name of Allah. Allah is the greatest”. He then slaughtered the rams. (Ahmed, Abu Daud, Ibne Majah)
Warning for those who ignore Qurbani
There is a tradition related from Hazrat Abu Hurairah that Rasulullah said that the person who has the means of performing Qurbani but does not do so should not even come NEAR our EIDGAH (place of Eid Namaaz).