The Islamic calendar or Muslim calendar or Hijri calendar (Arabic: التقويم الهجري; at-taqwīm al-hijrī; Persian: تقویم هجری قمری taqwīm-e hejri-ye qamari; Turkish: Hicri Takvim) is a lunar calendar used to date events in many predominantly Muslimcountries, and used by Muslims everywhere to determine the proper day on which to celebrate Islamic holy days and festivals. It is a lunar calendar having 12 lunar months in a year of about 354 days. Because this lunar year is about 11 days shorter than the solar year, Islamic holy days, although celebrated on fixed dates in their own calendar, usually shift 11 days earlier each successive solar year, such as a year of the Gregorian calendar. Islamic years are also called Hijra yearsbecause the first year was the year during which the Hijra occurred—Islamic prophet Muhammad's emigration from Mecca toMedina. Thus each numbered year is designated either H or AH, the latter being the initials of the Latin anno Hegirae (in the year of the Hijra). The current Islamic Year is 1430 AH, from approximately December 28, 2008 (evening) to December 17, 2009 (evening).
Eid al-Adha (Arabic: عيد الأضحى ‘Īd ul-’Aḍḥā) or the Festival of Sacrifice (Turkish: Kurban Bayramı) is a religious festival celebrated by Muslims (including Druze) worldwide in commemoration of the willingness ofIbrahim (Abraham) to sacrifice his son Ishmael as an act of obedience to God. The devil tempted Ibrahim by saying he should disobey God and spare his son. As Ibrahim was about to sacrifice his son, God intervened and instead provided a lamb as the sacrifice. This is why today all over the world Muslims who have the means to, sacrifice an animal (usually a goat or a sheep), as a reminder of Ibrahim's obedience to God. The meat is then shared out with family, friends (Muslims or non-Muslims), as well as the poor members of the community.
Eid al-Adha is the latter of two Eid festivals celebrated by Muslims, whose basis comes from the Quran.(Muslims in Iran celebrate a third, non-denominational Eid.) Like Eid el-Fitr, Eid al-Adha begins with a short prayer followed by a sermon (khuṭba).
Eid al-Adha annually falls on the 10th day of the month of Dhul Hijja (ذو الحجة) of the lunar Islamic calendar. The festivities last for three days or more depending on the country. Eid al-Adha occurs the day after the pilgrims conducting Hajj, the annual pilgrimage to Mecca in Saudi Arabia by Muslims worldwide, descend from Mount Arafat. It happens to be approximately 70 days after the end of the month of Ramadan.
Taken from: http://en.wikipedia.org