With the sighting of the new moon the Islamic new year is ushered in. The first month Muharram, is a month of great reward and virtue. Muharram itself means `sacred'.
Almighty Allah states in the Holy Quraan:
"Four of them ( Zil-Qadah, Zil-Hijjah, Muharram and Rajab) are sacred."(Surah At-Tawbah:36)
Virtues From out of the four sacred months, Muharram has been blessed with certain specific virtues:-
The Holy Prophet Muhammad

said:
"The best of fasts besides the month of Ramadhan is the fasting of Allah's month of Muharram."(Muslim)
In another Hadeeth, Hazrat Ibn Abbas

reports:
"that the Messenger of Allah
said: "The one that keeps a fast in the month of Muharram will receive the reward of thirty fasts for each fast (in this sacred month)."(Tabraani)
Although the fasts of the month of Muharram are not obligatory, the one who fasts in these days out of his own will and choice is entitled to a great reward by Almighty Allah.