Shaykh Bin Baz rahimahullah and others state that it is a day of Eid for the pilgrims. [Reference]

However, Shaykh Yahya al-Hajooree mentioned it also includes those outside pilgrimage. The fact we fast on that day doesn’t negate it is a day of Eid since we could fast on Fridays at times yet it is a day of Eid.

What supports it in general is the context of the following narration:

عَنْ عَمَّارِ بْنِ أَبِي عَمَّارٍ، قَالَ قَرَأَ ابْنُ عَبَّاسٍ ‏:‏ ‏(‏ الْيَوْمَ أَكْمَلْتُ لَكُمْ دِينَكُمْ وَأَتْمَمْتُ عَلَيْكُمْ نِعْمَتِي وَرَضِيتُ لَكُمُ الإِسْلاَمَ دِينًا ‏)‏ وَعِنْدَهُ يَهُودِيٌّ فَقَالَ لَوْ أُنْزِلَتْ هَذِهِ عَلَيْنَا لاَتَّخَذْنَا يَوْمَهَا عِيدًا ‏.‏ قَالَ ابْنُ عَبَّاسٍ فَإِنَّهَا نَزَلَتْ فِي يَوْمِ عِيدٍ فِي يَوْمِ جُمُعَةٍ وَيَوْمِ عَرَفَةَ

Narrated ‘Ammar bin Abi ‘Ammar:

“Ibn Abbas recited: This day, I have perfected your religion for you, completed My favor upon you, and have chosen for you Islam as your religion (5:3). And a Jew was with him who said: ‘If this Ayah was revealed to us then we would have taken that day as a day of celebration.’ So Ibn ‘Abbas said: ‘Indeed it was revealed on two ‘Eids: On Friday, and on the Day of ‘Arafah.'”

Reported by at-Tirimidhi and others.

And Allah knows best.

Mentioned by

AbdulFattaah Bin Uthman
Abu Fajr