I found it quite fulfilling to focus on the beneficial aspects of Eid Ul Adha that are beyond the religious beliefs on this particular type of Eid

I found it quite fulfilling to focus on the beneficial aspects of Eid Ul Adha that are beyond the religious beliefs on this particular type of Eid

There is also Eid ul Adha, which is one of the most important Islamic events and is also called the Festival of Sacrifice. As the spiritual festival whose narrative revolves around obedience and readiness of Prophet Ibrahim to immolate his son for Allah to submit to his will, the festival has a profound implication on the economic and social realms of the Islamic world. Eid-ul-adha has had its impact in most businesses ranging from cattle rearing to tanning Industry hence affecting most sectors in the economy. Now it is high time to get deeper into the final positive impact made by Eid ul Adha and, thus, reveal how this festival brings benefits to people supporting livelihoods and industries all along the globe.

 

Benefit the Animal Breeding Business

The livestock industry is one of the most direct beneficiaries of the occasion commonly referred to as Eid ul Adha. Livestock owners and farmers start preparing for many months in advance so that the animals they intend to sacrifice or use for other purposes are well and suitable. As stated by the Food and Agriculture Organization, the purchasing power of livestock rises in this season, thus motivating the incomes generated by people who deal with animal rearing.

Income Generation for Farmers: The statistics show that countries from Pakistan, Bangladesh, Indonesia, and many others millions of farmers rely on sales of livestock during the Eid ul Adha. For instance, the religious sacrifice of animals in Pakistan is estimated to reach between $ 8 – 10 million; the monitory value of the sacrificial animals is in billions bringing benefit to small farmers.

Livestock Trade: In Nigeria for instance, the number of livestock traded rises by about 30 percent during the period of Eid ul Adha, hence improving traders returns or attaining their desired targets.

 

Transportation and Logistics

The challenges of marketing the livestock right from the cattle producers’ zones to consumer zones entail good transport routes. Tempers selling transport services and logistics companies, and responsible for the increased earnings, since the request for these services increases.

Transport Services: In India and Egypt, for instance, the transport segment registers a clear upturn in terms of activity levels. For instance, in India, the market of transporting live stock is on a higher side during Eid ul Adha and this is because the market increases up to 20-25%.

It is the fastest growing sector in Animal Feed Industry

Supplementing the livestock is another important process that also deserves attention. The fodder and animal feed industry in particular sees a sizeable boost in business since animals, particularly the livestock, require plenty of food before they can be slaughtered for sacrifice.

Economic Impact on Fodder Sellers: For instance cattle famers and/or sellers in Sudan and Morocco specifically experience an influx in the demand for fodder by about 50% in the weeks leading up to Eid ul Adha.

 

Slaughterhouses and Meat Processing

Since Qurbani is accomplished through the assistance of professional butchers and the service of public abattoirs, it becomes an avenue of income in the employment sector as well as the economy.

Butchers and Slaughterhouses: In Saudi Arabia, the fluctuation of temporary work in slaughterhouses reveals that the jobs may rise by forty percent during the Eid-ul-Adha celebration; a good example is the thousands of people benefitting from such short-term employment.

Meat Processing: There is East Asia, notably Indonesia, China, Korea and Hong Kong which imports most of its halal meat from Muslim minoritiy countries such as Malaysia and Indonesia in the case of East Asia although during the celebrations of Eid Ul Adha the demand increases so do the export earnings of countries such as Brazil and Australia get a boost during the celebrations of Eid Ul Adha because of export to Muslim countries.

 

Leather and Tanning Industry

skins of animals that are sacrificed are bought by the leather and tanning industries as raw material for producing leather goods and as a result help in creating employment for people in the production of leather products.

Leather Production: The example of this kind of seasonal event can be seen in countries like Bangladesh and Pakistan where the leather industry gets a boost after Eid ul Adha. For instance, Bangladesh treats about one hundred and ten thousand animal hides per Each of the animal hides are principally acquired from the sacrifices at Eid ul Adha and the industry contributes a lot to the economies of the country.

Global Market: As for the impact of increased supply of raw materials, the global leather market appears to have benefitted since countries such as Italy and China import hide.

 

Charitable Contributions

Eid ul Adha focuses on giving some of us the meat and sacrificing something valuable to help others in need. The remaining meat products are distributed to the underprivileged hence foods security and nutritional value subjects are made secure.

Food Security: The Red Crescent and Islamic Relief are faith-based organisations that have ensured that qurbani meat gets delivered to millions of families globally, thus improving their food security and sources of protein during the festive season.

 

Conclusion

Eid ul Adha is much more than a rituals celebration; it has great impact to the growth of the economy starting from the producers, retailers to individual consumers. Be it the farmers rearing the animals, or the people who transport the livestock, or those who slaughter and process the meat, or those who make leather from the skins, all stand to gain a lot from Eid ul Adha economically. The festival also contributes to the growth and focus of communal cohesion and charitable goals together with everyday living and industries internationally.

Even as we enjoy this day let us acknowledge and embrace the many social and economic gains of this day lest it is twisted and its many positive yields lost to functionalities of the world. Eid ul Adha Mubarak!

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