1. One the reasons for Aqeeqa is that the child is protected from calamity and sickness.
2. According to the Hanafi Madhab, Aqeeqah is Mustahabb.
3. The method for Aqeeqah is that on the seventh day after the baby’s birth, you should cut his hair and weigh it. The equivalent of the hair’s weight should be given out in charity, make a sacrifice on behalf of the baby. For a baby boy, you may slaughter two sheep, and one sheep for a baby girl.
4. If you are not able to slaughter on the seventh day, then you may do so on the fourteenth, twenty first, etc. at seven day interval.
5. At the time of sacrifice, you may learn the du’aa to read from your local Aalim. (Fataawa Rahimiyyah vol.1 pg.59, 60, 61)
and Allah Ta’ala Knows Best
Mufti Ebrahim Desai