The Islamic Economics Student Association (HMPS-ES) FEBI UIN Sunan Kalijaga Yogyakarta held a study event to commemorate the Eid al-Adha 1441 H with the theme "Unveiling the Economic Value and Meaning of Sacrifice and Its Implementation" on Sunday at 19:30 WIB.

The session featured Mr. Ahmad Fanani, M.A., the Director of Zakat and Waqf Distribution at UNIDA Gontor Zakat and Waqf Foundation, as well as the Chief of the Education Division for Indonesian Youth and Society in the Association of Indonesian Society (PERMAI). During the event, Mr. Ahmad Fanani, M.A. stated that there exists a misconception regarding the terminology, in reality, Qurban symbolizes devotion and obedience. He explained that "Qoruba yaqrubu qurbaanan" signifies drawing closer to Allah.

In Indonesia, the term Qurban, pronounced as Kurban, is interpreted as "sacrifice," which should be taken into account when understanding its meaning. In English, it directly translates to "sacrifice." This linguistic distinction is important in interpreting the concept of Qurban. According to the social psychologist Ronald Barthes, Eid al-Adha conveys the message of Muslims' respect and appreciation for the value of human life. The Indonesia Development and Islamic Studies (IDEAS) project the potential value of this year's sacrifices at around Rp 21 trillion, with approximately 2.3 million people performing the sacrifice.

The Qurban ritual serves as a means to promote social solidarity and, at the same time, has the potential to drive the economy. Similar to zakat, infaq, sedekah, and waqf, sacrifice possesses the capacity to bolster the economy, provided that it is managed effectively. Addressing the issue of Qurban Management involves utilizing methods such as Social Enterprise, which in Islam is known as Islamic Social Finance: Zakat (Almsgiving),

Sedekah (Voluntary Charity), Infaq (Spending in the way of Allah), Waqaf (Endowment). This approach aims to achieve two goals: Impact Viability and Impact Sustainability, with the intention of delivering optimal outcomes. An example in Indonesia is the Distribution of Qurban Animals by organizations such as Dompet Dhuafa and TaniHub, Lumbung Ternak Wakaf Aksi Cepat Tanggap, and Kurban Mubarok LAZ Al-Azhar. (Weri Mahendra)