On whom is qurbani wajib

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 amount of 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. It is not necessary that this amount be in one’s possession for a complete lunar year.

(al-Fatawa al-Hindiyyah, Vol: 5, Pg: 292 & al-Mabsoot, by Sarakhsi, Vol: 12, Pg: 14, Darul Ma’rifah)

And Allah Knows Best