Source: ad-Dawal ila-Allah
There is a very good reason why Ramadaan, out of all the months in the Islaamic calendar was chosen by Allaah to be the month of Fasting. That reason? It was in this month, on the Night of Decree (Laylatul-Qadr), that the Qur’aan was revealed to mankind. Allaah, the Most High says:
“The month of Ramadaan in which was revealed the Qur’aan, a guidance for mankind and clear proofs for the guidance and the Furqaan (criterion) [between right and wrong]. So whoever of you sights [the crescent on the first night of] the month [of Ramadaan], he must fast that month.” [Soorah al-Baqarah (2):185]
Allaah honoured this month by revealing the Qur’aan in it and it is because of this that He obligated fasting in it.
This is also the month in which Jibreel (alayhi as-salaam) would come to meet the Prophet (sallalahu alaihe wa-sallam) every night in order to repeat the recitation of the Qur’aan with him. 
Thus, the relationship between Ramadaan and the Qur’aan is very close, which is why Muslims worldwide turn to the Qur’aan with a heightened sense of vigour during this month.
Recitation Of The Qur’aan
The main purpose of the Qur’aan is to be a source of guidance for mankind, leading those who cling to it from darkness into light, from misery to happiness and raising them from lowliness to a lofty station.
However, another important feature of the Qur’aan is that its recitation is in itself a form of ‘ibadah’ (worship). In fact the Qur’aan is defined as being the (uncreated) word of Allaah, sent down to Muhammad (sallalahu alaihe wa-sallam) the recitation of which is a form of worship”  a unique definition that can be applied to no other book, writing or statement.
From the very beginning of the Prophet’s Messenger-ship, great emphasis was placed on the recitation of the Qur’aan. The literal meaning of the word Qur’aan itself is ‘Reading‘ or ‘Recitation‘. The first Ayah (verse) to be revealed on that momentous occasion where Jibreel (‘alayhis salaam) came to Prophet Muhammad (sallalahu alaihe wa-sallam) whilst he was alone in the cave Hira was:
“Iqraa (Recite/Read), in the name of your lord who created you…” [Soorah al-Alaq (9): 1]
The Prophet (sallalahu alaihe wa-sallam) himself strongly urged his companions to recite as much of the Qur’aan as possible. He said:
“whoever reads a single letter from Allah’s Book will receive a blessing (for each letter) and each blessing is worth ten times its value.” 
Indeed the virtues and blessings of reciting the Book of Allaah are many. And by way of encouragement to all of us to spend time reciting and reflecting upon the Qur’aan, some of these virtues are listed below.
1. It Will Come As An Intercessor On The Day Of Resurrection.
The Prophet (sallalahu alaihe wa-sallam) said:
“Recite the Qur’aan, for verily on the Day of Resurrection it will act as an intercessor for those who recite it” 
On the day when neither our family nor our wealth will be of any benefit to us, this Qur’aan will beseech Allaah on behalf of those who recite it frequently. Allaah will give it a speech and Allaah is able to do all things – and it will say to Allaah:
“I prevented him from sleep at night, so accept my intercession for him” 
And its intercession will be accepted.
2. Tranquility Descends.
Al Baraa reported that a man was reciting Sooratul-Kahf and there was a horse tied with two ropes at his side, when a cloud overshadowed him. As it began to come nearer and nearer his horse began to take fright from it. He went and mentioned that to the Prophet (sallalahu alaihe wa-sallam) in the morning, who said:
“It was tranquility [as-Sakeenah] which came down at the recitation of the Qur’aan.” 
This shows us that the tranquility and the calmness which results from the recitation of the Qur’aan is not something abstract, but something very real which permeated the whole atmosphere so that even the animals can imbibe it. This ‘Sakeenah‘ (tranquility) which descends upon the reciter is accompanied by Angels who assemble to listen to the Qur’aan.
The Companion Usaid ibn Hudair (Radiya ‘Llahu ‘anhu) mentioned to the Prophet (sallalahu alaihe wa-sallam) that once when he was reciting the Qur’aan at night while his horse was tied beside him. The horse suddenly became uneasy and started jumping. When he stopped reciting, the horse became quiet. When he resumed reciting, the horse became uneasy again. After repeating this a few times, he stopped reciting and looked up. He was amazed to see right above him something that looked like a big cloud of bright lamps rising up in the sky. The next morning, he told the Prophet (Sallallahu ‘alaihi wa sallam) about this, and the Prophet (sallalahu alaihe wa-sallam) explained to him that:
“Those were Angels who came to listen to your reading. Had you kept on reciting until morning, they would have remained visible for the people to see them!” 
3. It Will Be A Shade On The Day Of Resurrection.
The Prophet (sallalahu alaihe wa-sallam) said:
“Recite the two bright ones, Soorah al-Baqarah and Soorah Aal-e lmraan, for on the day of Resurrection they will come as two clouds, or two shades or two flocks of birds in ranks, pleading for those who recite them” 
We are well aware that on a hot summer’s day when we are out in a scorching sun, the thing we appreciate most is a tree or some sort of canopy, beneath which we can shade ourselves. Imagine how much more we will be pinning for a shade on the Day of Resurrection when…
“the people will be submerged in perspiration according to their deeds, some up to half of their knees, some up to the waist and some would have a bridle of perspiration up to their mouths” .
We seek refuge in Allah from the terrors of this awful Day.
So these are just some of the blessings awaiting those who recite the Qur’aan as it should be recited, bringing with them a receptive heart. 
Furthermore, these blessings and rewards are only multiplied for those who struggle in their recitation, for the Prophet (sallalahu alaihe wa-sallam) said.
”One who is skilled in it, ‘the Qur’aan’ is associated with the noble upright, recording Angels, and he who falters when he recites the Qur’aan and finds it difficult, he will have a double reward.” 
Of course it goes without saying, that although great emphasis and encouragement has been made to recite the Qur’aan, this is not the goal in itself. Recitation of the Book of Allaah is just a means through which we can absorb its message and act on whatever that messages entails. However, reciting with the meaning is superior to merely reading as the Prophet (sallalahu alaihe wa-sallam) explained.
He (sallalahu alaihe wa-sallam) said:
“The example of a believer who recites the Qur’aan and acts on it, is like an orange which tastes nice and smells nice.
And the example of the believer who does not recite the Qur’aan but acts on it is like a date that tastes sweet but has no smell.
And the example of the hypocrite who recites the Qur’aan is like sweet Basil which smells good but tastes bitter.
And the example of a hypocrite who does not recite the Qur’aan is like a Coelacanth which tastes bitter and has a bad smell”. 
Companion Of Life:
In this month of Ramadaan, let us use it to habituate ourselves into spending a daily period with the Qur’aan – reciting, memorizing and acting upon it. Because we should know that no people are better and more worthy of our envy than the companions of the Qur’aan, which is why the most striking and outstanding character of every pious person of knowledge is their love and attachment towards the Qur’aan. There is no man or woman who is considered to be righteous, except he or she is known to possess this noble quality. So when Aa’ishah was asked to describe the best of all mankind, the Prophet (sallalahu alaihe wa-sallam) she could find no more a suitable description other than to say that:
“His character was the Qur’aan”. 
And among the inheritors of the Prophet (i.e. the scholars) We have the example of lmaam Maalik, whose sister was asked: “What did Maalik occupy himself with in his House?” She replied, “The Mushaf (i.e the Qur’aan), reciting.”
Dear readers, no person can afford to remain ignorant or neglectful of the Qur’aan. Reading it regularly, sincerely not ritualistically, to derive guidance from it and adopt the company of those who make mention of it in their gatherings. Make the Qur’aan your constant companion, not just for Ramadaan, but for life.
 Editors Note: There were two distinct revelations of the Qur’aan. The first is the one being alluded to here where Allaah caused the whole Qur’aan to descend at one time from the Protected Tablet (al-Lawh al-Mahfooth) on which it was written to a station in the lowest heaven referred to as “Bayt al-‘Izzah” (The House of Honour or Power). This occurred in Lailatul-Qadr. The second is the continuous segmented revelation to the Prophet (Sallallahu ‘alaihi wa sallam) via Jibreel (‘Alayh is-Salam) up until just before his (Sallallahu ‘alaihi wa sallam) death.
 Collected in Saheeh Al-Bukhaaree (eng. Trans. Vol. 6, pg. 486, no. 518-520)
 Al-Waadih Fee Usoolil Fiqh (p.66) of Muhammad Sulayman al-Ashqar
 Reported by at-Tirmidhee and al-Haakim. It is authenticated by Shaykh al-Albaanee (Saheeh ul-Jaami’ no. 6469)
 Saheeh Muslim (eng. Trans. vol. 2, p. 385. no.1757)
 Hasan part of long Hadeeth reported by Abdullah Ibn Amr and collected by Ahmad and others. Authentic by Shaikh Alee Hasan al-Halabee in Sifaat Sawmin Nabee.
 Saheeh Al-Bukhaaree (Eng Trans. vol. 6, p.492, no. 531)
 Saheeh Al-Bukhaaree (eng. trans. vol. 6, p. 496. no. 536) And Saheeh Muslim (Eng Trans. vol. 1, p.382, no. 1742)
 Saheeh Muslim (eng. trans. vol. 6, p. 385. no.1757)
 Saheeh Muslim (eng. trans. vol. 4, p. 1487. no. 6852)
 There are many virtues attached to the recitation of certain parts of the Qur’aan, for example; Ayat-Al-Kursee [(2):225] is a protection against Shaitaan (Bukhari), Soorah al- Naas and Soorah al-Falaq protect against the evil eye and is a cure (Muslim).
 Saheeh Al Bukhaaree & Saheeh Muslim
 Saheeh Al-Bukhaaree Volume 6, Book 61, Number 538
 Editors Note: Envy is permissible in two cases as stated by Ibn Rajab Al-Hanbali (Rahimahu ‘Llah) in Jaami’ al-‘Uloom wal-Hikam saying, “It is good for a believer to wish for that with which another person has been given if it is beneficial for one’s religion. The Prophet (Salla ’Llahu ‘alayhi wa sallam) said: “Do not wish for the likes of anyone except two: a man upon whom Allaah bestowed knowledge of the Book [the Qur’aan], who stands up [in salaah (prayer)] and recites it during the hours of the night, and a man upon whom Allaah bestowed wealth, and he spends it in charity during the hours of the night and the hours of the day.” [Recorded by al-Bukhaaree in Kitaab Fadaa’il Al-Qur’aan (Book on the Virtues of the Qur’aan) no. 5025; also recorded by Muslim in Kitaab Salat Al-Musaafireen (Book on the Prayer of the Travellers) 815/266]
 Saheeh Muslim, Aboo Daawood, Ahmad