Mishkat al-Masabih #1397
Prayer
Zaid b. Arqam said the companions of God’s Messenger asked him the significance of these sacrifices and he replied, “It is a custom which has come down from your father Abraham." They asked what reward they would receive for them and he replied, “For every hair you will receive a blessing." They asked about wool, and he replied, “For every strand of wool you will receive a blessing."
Ahmad and Ibn Majah transmitted it.
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About Mishkat al-Masabih
This hadith is #1397 from Mishkat al-Masabih, in the Book of Prayer. Mishkat al-Masabih contains 4,428 hadiths across 25 books.