an introduction to Ashura
Amongst the Shi’ah, the way Muharram is marked also delineates the different communities. As a Nizari Ismaili Muslim (cf. Aziz who is a Mustali Ismaili Muslim), I acknowledge the death of Imam Husayn, and mark this time as a period of mourning. However, we do not have special rituals associated with this time. We are the only Imami community with a present, living Imam, and at least three generations ago our special ritual practices ended. It remains a time for us to remember the sacrifices the Imams have made on our behalf, and is still an opportunity to recall the great, meritorious, and virtuous acts of the ahl al-bayt, the original salaf.
http://blog.beliefnet.com/cityofbrass/2008/12/an-introduction-to-ashura.html