The Hanafi school treats qurban as compulsory for financially able resident Muslims. In Hanafi legal terminology, the sacrifice is generally classified as wajib for an eligible person, a stronger obligation than a merely recommended practice.
The qualification matters: the ruling applies to a Muslim who possesses the required financial means and is resident rather than traveling. Hanafi jurists also discuss details such as personal ownership, wealth thresholds, and the time during which the sacrifice may be performed. “Compulsory” is therefore not a universal description across all Islamic schools.
The Shafi‘i, Maliki, and Hanbali schools generally regard the Eid sacrifice as a strongly emphasized sunnah rather than an obligation on every financially capable person, though internal scholarly opinions and detailed cases can vary. That difference is why the Hanafi answer is distinctive in a comparative quiz.
The rite itself is performed after the Eid prayer during specified days of Dhu al-Hijjah. It commemorates Abraham’s obedience and connects worship with distributing food to family, guests, and people in need.