Muslims in Bangladesh have bought and sacrificed around 1 crore cattle


Reportedly, Muslims in Bangladesh have bought and sacrificed around 1 crore cattle (cows and goats/sheep) this past Eid-Ul-Azha. The rural economy got a huge boost of around BDT 38,808 crore. 


In Bangladesh, business of sacrificial animals has become a lucrative one because of this new trend among Muslims. Many rich people invest in sacrificial animals on Eid eve for making fast money. It has turned into a big industry.


In Bangladesh, Qurbani cattle business is a $ 1 billion business with about ten lakh animals being sacrificed. The market is increasing both in size and standard. The demand for costlier animals, particularly cows is increasing by the year thanks to the economic growth of the country.


In Bangladesh, the sacrificial cows are categorized under four grades according to their physique, look and weight: Grade A, Grade B, Grade C and Grade B. Their price depends on their grade. For example, a Grade A cow sells at 1.5 lakh BDT (Bangladeshi Taka) to 9 lakh BDT; Grade B cow sells at 1 lakh to 1.5 BDT; Grade C cow sells at 70, 000 to 90,000 BDT and Grade C cow sells at 60, 000. Grade C and D cows are the local breed sold by poor farmers to earn money in the festival season.


Of the total, 4,053,679 cows and buffaloes, 50,38,848 goats and sheep, and other 715 cattle have been sacrificed, a Livestock Ministry press release said here on Saturday.


In Dhaka, about 2.23 million animals, including 9,73,833 cows and buffalos and 12,65,056 goats and sheep were sacrificed.


However, in other districts in Bangladesh, the sacrificing ratio of cattle increased significantly. it's becoming a booming industry in Bangladesh. On the basis of that, many other online industries and startups have already been created. 


Category and Tags
More stories by
20 Reasons to Consider Cautiously Before Investing in Japan

While there are many investment opportunities in Japan, it's vital to weigh the risks and potential downsides. Here are 20 factors that may make some investors hesitant to make an investment in Japan and from my 7 years of experience living in Japan

First Time in the UK, a Special Sculpture Honors Hijab-Wearing Women

In Birmingham, England, the first sculpture honoring women who cover their heads will be unveiled. A piece of art by Luke Perry with the working title "The Strength of the Hijab" stands five meters (16 feet) tall and weighs roughly a ton.The designer

Muhammad Yunus: A Compelling Contender for the 2023 Bangladesh Presidential Election

Bangladesh is in need of a president who can manage complicated issues while promoting a sustainable economy and social advancement as the country gears up for its presidential election in 2023. In this situation, Muhammad Yunus' candidacy stands out

Pathao receives authorization to offer payment services

The subsidiary is permitted by the license to provide payment services in Bangladesh under the trade name "Pathao Pay."The announcement that Pathao Pay would be granted a PSP license...

Apple will begin disbursing $500 million in the iPhone Slowdown Lawsuit.

The reimbursement for iPhone users who filed a class action lawsuit against Apple, claiming the company purposefully slowed down its older models to encourage customers to switch to the newest model, will now be made. As SiliconValley.com revealed la

Follow Business Habit on Facebook, Twitter