Latest news with #FeastOfSacrifice
Zawya
04-07-2025
- Business
- Zawya
Eid al-Adha in 2025: Octa broker's charity projects
KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 4 July 2025 - Each year, Octa, a globally regulated and trusted broker since 2011, supports local communities in various regions through charity to foster social growth. In 2025, the broker carried out a series of charity activities in Indonesia, Malaysia, and Nigeria to celebrate a major Muslim holiday Eid al-Adha and help the underprivileged by providing targeted vital support. The feast of sacrifice For Muslims around the world, Eid al-Adha, or the Feast of Sacrifice, is one of the most important holidays of the year. It coincides with the final rites of the annual pilgrimage to Mecca and commemorates the sacrifice of the prophet Ibrahim. Highlighted in the Islamic calendar among the most prominent celebratory occasions, Eid al-Adha is traditionally marked with devout Muslims buying and slaughtering animals and sharing two-thirds of the meat with the poor. This year, the festivities, including a special prayer followed by the sacrifice of an animal, took place between 5 and 9 June. This year, Octa broker joined in the celebration of 'The Feast of Sacrifice' and helped underprivileged citizens of Indonesia, Malaysia, and Nigeria. Malaysia Octa traditionally teamed up with Azeehan, the broker's long-time charity partner and the driving force behind many local initiatives, to distribute the Qurbani meat in Kelantan. Thanks to this humanitarian effort, several hundreds of underprivileged local citizens received the much-needed festive food. 'Octa broker has been supporting local communities during the Eid al-Adha for three years in a row. This consistent participation and care have been very helpful in bringing people together and building up the festive spirit during the Feast of Sacrifice, a very special and joyous occasion for all Muslims', said Azeehan. Indonesia Together with IDEP, Octa supported 37 single mothers across Bali as a part of the Family Bucket Project. Single mothers in Bali face significant economic and social challenges rooted in unstable incomes, inadequate labour protection, and vulnerable living conditions. They often struggle to meet even their basic needs and those of their children, while insufficient education and professional skills further hinder their access to employment in Bali's tourism-dominated economy. These challenges become even more pronounced during Eid al-Adha, when single mothers must work even harder to provide the best they can for their children. Octa and IDEP distributed targeted support packages to 37 single-mother households in Bali to help them enjoy the holiday. Octa's partner in this project, IDEP develops and delivers practical programs and public education activities to communities in need all over Indonesia. Nigeria Octa joined forces with a local charity, KIR (Keeping it real) foundation, to support two socially beneficial initiatives. 1. Training 15 young small business owners of the city of Port Harcourt in digital literacy skills. Local entrepreneurs lacked rudimentary information and communication technology skills, severely restricting their ability to scale up their businesses and affecting their financial outcomes. Octa and KIR foundation organised this charity training to empower business owners and propel them towards success in the modern, technology-driven world. 2. Training 15 young women in vocational skills. To provide local young women with easy-to-pick-up and in-demand career opportunities, Octa and KIR foundation organised free week-long workshops in basic makeup artistry and headgear craft. These skills will allow them to earn a living and strengthen their social status. Keeping true to its mission of benefiting local communities in various regions, Octa consistently engages in various charitable activities. For example, during the New Year holidays, the broker sponsored an emergency support program in Malaysia to help victims of a severe flood. ___ Disclaimer: This press release does not contain or constitute investment advice or recommendations and does not consider your investment objectives, financial situation, or needs. Any actions taken based on this content are at your sole discretion and risk—Octa does not accept any liability for any resulting losses or consequences. Hashtag: #Octa The issuer is solely responsible for the content of this announcement. Octa Octa is an international CFD broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools. The company is involved in a comprehensive network of charitable and humanitarian initiatives, including improving educational infrastructure and funding short-notice relief projects to support local communities. In Southeast Asia, Octa received the 'Best Trading Platform Malaysia 2024' and the 'Most Reliable Broker Asia 2023' awards from Brands and Business Magazine and International Global Forex Awards, respectively. Octa
Globe and Mail
06-06-2025
- General
- Globe and Mail
Eid al-Adha celebrated globally with less spending, high prices and fewer animal sacrifices
Less spending, higher prices and fewer animal sacrifices subdued the usual festive mood as the Muslim holiday of Eid al-Adha was celebrated in many parts of the world. Eid al-Adha, known as the 'Feast of Sacrifice,' coincides with the final rites of the annual Hajj pilgrimage in Saudi Arabia. It's a joyous occasion, for which food is a hallmark, with devout Muslims buying and slaughtering animals and sharing two-thirds of the meat with the poor. Palestinians across the war-ravaged Gaza Strip marked the start of the three-day feast with prayers outside destroyed mosques and homes early Friday. For the second year since the war with Israel broke out on Oct. 7, 2023, no Muslims in Gaza were able to travel to Saudi Arabia to perform the traditional pilgrimage. With much of Gaza in rubble, men and children were forced to hold Eid al-Adha prayers in the open air, and with food supplies dwindling, families were having to make do with what they could scrape together. 'This is the worst feast that the Palestinian people have experienced because of the unjust war against the Palestinian people,' said Kamel Emran after attending prayers in the southern city of Khan Younis. 'There is no food, no flour, no shelter, no mosques, no homes, no mattresses ... The conditions are very, very harsh.' The UN's Food and Agriculture Organization in Rome said Thursday that Gaza's people are projected to fall into acute food insecurity by September, with nearly 500,000 people experiencing extreme food deprivation, leading to malnutrition and starvation. 'This means the risk of famine is really touching the whole of the Gaza Strip,' said Rein Paulson, director of the FAO office of emergencies and resilience. Our life in Gaza is hungry and sleep-deprived under Israel's blockade The war in Gaza and the struggle to celebrate were at the forefront of the minds of Muslims in Kenya, Imam Abdulrahman Mursal said as he led Eid prayers in the capital, Nairobi. 'We ask Allah to hear their (Palestinian) cries. We feel their pain, as much as we are far from them,' Mursal said. 'But what unites us is our Muslim brotherhood, so we ask Allah to give them victory and to give victory to all the other Muslims wherever they are, if they are facing any kind of oppression.' Eid al-Adha commemorates the Quranic tale of Ibrahim's willingness to sacrifice his son Ismail as an act of obedience to God. Before he could carry out the sacrifice, God provided a ram as an offering. In the Christian and Jewish telling, Abraham is ordered to kill another son, Isaac. South Asian countries like India and Bangladesh will celebrate Eid al-Adha on Saturday. Ahead of the festival, many Muslims in the region were turning to livestock markets to buy and sell millions of animals for sacrifice. In New Delhi, sellers were busy tending to their animals and negotiating with potential buyers. Mohammad Ali Qureshi, one of the sellers, said this year his goats were fetching higher prices than last year: 'Earlier, the sale of goats was slow, but now the market is good. Prices are on the higher side.' Festival preparations also were peaking in Indian-controlled Kashmir, where many Muslims dye sheep and goats in henna before they are sacrificed. 'We are following the tradition of Prophet Ibrahim,' said Riyaz Wani, a resident in Kashmir's main city of Srinagar, as his family applied henna on a sheep they plan to sacrifice. In Indonesia's capital, Jakarta, Muslim worshippers were shoulder-to-shoulder in the streets and the Istiqlal Grand Mosque was filled for morning prayers Friday. Outside Jakarta, the Jonggol Cattle Market bustled with hundreds of traders hoping to sell to buyers looking for sacrificial animals. While sales increased ahead of Eid, sellers said their businesses have lost customers in recent years due to economic hardship following the COVID-19 pandemic. A foot-and-mouth disease outbreak in 2022 and 2023 significantly dampened the typically booming holiday trade in goats, cows and sheep, though Indonesia's government has worked to overcome that outbreak. Rahmat Debleng, one of the sellers in the market, said before the pandemic and the FMD outbreak, he could sell more than 100 cows two weeks ahead of Eid al-Adha. But on the eve of the celebration this year, only 43 of his livestock were sold and six cows are still left in his stall. Though the threat of a foot-and-mouth outbreak looms large, declining sales are mostly because of economic hardship, Debleng said. Jakarta city administration data recorded the number of sacrificial animals available this year at 35,133, a decline of 57% compared to the previous year. The Indonesian government will make Monday an additional holiday after Friday's festival to allow people more time with their families. Eid momentum is expected to support economic growth in Indonesia, where household consumption helps drive GDP. It contributed over 50% to the economy last year, though analysts expect more subdued consumer spending in 2025.
Arab News
06-06-2025
- Business
- Arab News
Economic hardships subdue the mood for Eid Al-Adha this year
JAKARTA: Less spending, higher prices and fewer animal sacrifices subdued the usual festive mood as the Muslim holiday of Eid Al-Adha was celebrated in many parts of the world. In Indonesia's capital, Jakarta, Muslim worshippers were shoulder-to-shoulder in the streets and the Istiqlal Grand Mosque was filled for morning prayers Friday. Eid Al-Adha, known as the 'Feast of Sacrifice,' coincides with the final rites of the annual Hajj in Saudi Arabia. It's a joyous occasion, for which food is a hallmark with devout Muslims buying and slaughtering animals and sharing two-thirds of the meat with the poor. Outside Jakarta, the Jonggol Cattle Market bustled with hundreds of cattle traders hoping to sell to buyers looking for sacrificial animals. While sales increased ahead of Eid, sellers said their businesses have lost customers in recent years due to economic hardship following the COVID-19 pandemic. A foot-and-mouth disease outbreak in 2022 to 2023 also significantly dampened the typically booming holiday trade in goats, cows and sheep, though Indonesia's government has worked to overcome that outbreak. Rahmat Debleng, one of the sellers in the market, said before the pandemic and the FMD outbreak, he could sell more than 100 cows two weeks ahead of Eid Al-Adha. But on the eve of the celebration this year, only 43 of his livestock were sold, and six cows are still left in his stall. 'Though the foot-and-mouth outbreak threats remain loom large, but the declining in sales mostly because of economic hardship,' Debleng said. Jakarta city administration data recorded the number of sacrificial animals available this year at 35,133, a decline of 57 percent compared to the previous year. The government has made next Monday an additional holiday after Friday's festival to allow people more time with their families. Eid momentum is expected to support economic growth in Indonesia, where household consumption helps drive GDP. It contributed over 50 percent to the economy last year, though analysts expect more subdued consumer spending in 2025. Eid expected to come Saturday in South Asia Eid Al-Adha commemorates the Qur'anic tale of Ibrahim's willingness to sacrifice Ismail as an act of obedience to God. Before he could carry out the sacrifice, God provided a ram as an offering. In the Christian and Jewish telling, Abraham is ordered to kill another son, Isaac. South Asian countries like India and Bangladesh will celebrate Eid Al-Adha on Saturday. Ahead of the festival, many Muslims in the region were turning to livestock markets to buy and sell millions of animals for sacrifice. In New Delhi, sellers were busy tending to their animals at these markets, while potential buyers negotiated prices with them. Mohammad Ali Qureshi, one of the sellers, said this year his goats were fetching as high as $640, some $60 more than the last year. 'Earlier, the sale of goats was slow, but now the market is good. Prices are on the higher side,' Ali said. Preparations for the festival were also peaking in Indian-controlled Kashmir, where many Muslims dye sheep and goats in henna before they are sacrificed. 'We are following the tradition of Prophet Ibrahim,' said Riyaz Wani, a resident in Kashmir's main city of Srinagar, as his family applied henna on a sheep they plan to sacrifice.
The Independent
06-06-2025
- Business
- The Independent
Economic hardships subdue the mood for Eid al-Adha this year
Less spending, higher prices and fewer animal sacrifices subdued the usual festive mood as the Muslim holiday of Eid al-Adha was celebrated in many parts of the world. In Indonesia's capital, Jakarta, Muslim worshippers were shoulder-to-shoulder in the streets and the Istiqlal Grand Mosque was filled for morning prayers Friday. Eid al-Adha, known as the 'Feast of Sacrifice,' coincides with the final rites of the annual Hajj in Saudi Arabia. It's a joyous occasion, for which food is a hallmark with devout Muslims buying and slaughtering animals and sharing two-thirds of the meat with the poor. Outside Jakarta, the Jonggol Cattle Market bustled with hundreds of cattle traders hoping to sell to buyers looking for sacrificial animals. While sales increased ahead of Eid, sellers said their businesses have lost customers in recent years due to economic hardship following the COVID-19 pandemic. A foot-and-mouth disease outbreak in 2022 to 2023 also significantly dampened the typically booming holiday trade in goats, cows and sheep, though Indonesia's government has worked to overcome that outbreak. Rahmat Debleng, one of the sellers in the market, said before the pandemic and the FMD outbreak, he could sell more than 100 cows two weeks ahead of Eid al-Adha. But on the eve of the celebration this year, only 43 of his livestock were sold, and six cows are still left in his stall. 'Though the foot-and-mouth outbreak threats remain loom large, but the declining in sales mostly because of economic hardship,' Debleng said. Jakarta city administration data recorded the number of sacrificial animals available this year at 35,133, a decline of 57% compared to the previous year. The government has made next Monday an additional holiday after Friday's festival to allow people more time with their families. Eid momentum is expected to support economic growth in Indonesia, where household consumption helps drive GDP. It contributed over 50% to the economy last year, though analysts expect more subdued consumer spending in 2025. Eid expected to come Saturday in South Asia Eid al-Adha commemorates the Quranic tale of Ibrahim's willingness to sacrifice Ismail as an act of obedience to God. Before he could carry out the sacrifice, God provided a ram as an offering. In the Christian and Jewish telling, Abraham is ordered to kill another son, Isaac. South Asian countries like India and Bangladesh will celebrate Eid al-Adha on Saturday. Ahead of the festival, many Muslims in the region were turning to livestock markets to buy and sell millions of animals for sacrifice. In New Delhi, sellers were busy tending to their animals at these markets, while potential buyers negotiated prices with them. Mohammad Ali Qureshi, one of the sellers, said this year his goats were fetching as high as $640, some $60 more than the last year. 'Earlier, the sale of goats was slow, but now the market is good. Prices are on the higher side,' Ali said. Preparations for the festival were also peaking in Indian-controlled Kashmir, where many Muslims dye sheep and goats in henna before they are sacrificed. 'We are following the tradition of Prophet Ibrahim,' said Riyaz Wani, a resident in Kashmir's main city of Srinagar, as his family applied henna on a sheep they plan to sacrifice. ___
Associated Press
06-06-2025
- Business
- Associated Press
Economic hardships subdue the mood for Eid al-Adha this year
JAKARTA, Indonesia (AP) — Less spending, higher prices and fewer animal sacrifices subdued the usual festive mood as the Muslim holiday of Eid al-Adha was celebrated in many parts of the world. In Indonesia's capital, Jakarta, Muslim worshippers were shoulder-to-shoulder in the streets and the Istiqlal Grand Mosque was filled for morning prayers Friday. Eid al-Adha, known as the 'Feast of Sacrifice,' coincides with the final rites of the annual Hajj in Saudi Arabia. It's a joyous occasion, for which food is a hallmark with devout Muslims buying and slaughtering animals and sharing two-thirds of the meat with the poor. Outside Jakarta, the Jonggol Cattle Market bustled with hundreds of cattle traders hoping to sell to buyers looking for sacrificial animals. While sales increased ahead of Eid, sellers said their businesses have lost customers in recent years due to economic hardship following the COVID-19 pandemic. A foot-and-mouth disease outbreak in 2022 to 2023 also significantly dampened the typically booming holiday trade in goats, cows and sheep, though Indonesia's government has worked to overcome that outbreak. Rahmat Debleng, one of the sellers in the market, said before the pandemic and the FMD outbreak, he could sell more than 100 cows two weeks ahead of Eid al-Adha. But on the eve of the celebration this year, only 43 of his livestock were sold, and six cows are still left in his stall. 'Though the foot-and-mouth outbreak threats remain loom large, but the declining in sales mostly because of economic hardship,' Debleng said. Jakarta city administration data recorded the number of sacrificial animals available this year at 35,133, a decline of 57% compared to the previous year. The government has made next Monday an additional holiday after Friday's festival to allow people more time with their families. Eid momentum is expected to support economic growth in Indonesia, where household consumption helps drive GDP. It contributed over 50% to the economy last year, though analysts expect more subdued consumer spending in 2025. Eid expected to come Saturday in South Asia Eid al-Adha commemorates the Quranic tale of Ibrahim's willingness to sacrifice Ismail as an act of obedience to God. Before he could carry out the sacrifice, God provided a ram as an offering. In the Christian and Jewish telling, Abraham is ordered to kill another son, Isaac. South Asian countries like India and Bangladesh will celebrate Eid al-Adha on Saturday. Ahead of the festival, many Muslims in the region were turning to livestock markets to buy and sell millions of animals for sacrifice. In New Delhi, sellers were busy tending to their animals at these markets, while potential buyers negotiated prices with them. Mohammad Ali Qureshi, one of the sellers, said this year his goats were fetching as high as $640, some $60 more than the last year. 'Earlier, the sale of goats was slow, but now the market is good. Prices are on the higher side,' Ali said. Preparations for the festival were also peaking in Indian-controlled Kashmir, where many Muslims dye sheep and goats in henna before they are sacrificed. 'We are following the tradition of Prophet Ibrahim,' said Riyaz Wani, a resident in Kashmir's main city of Srinagar, as his family applied henna on a sheep they plan to sacrifice. ___ Associated Press journalists Shonal Ganguly in New Delhi and Dar Yasin in Srinagar, India contributed to this report.
