Scholarships made available that are created to help students pay for higher learning. These financial aid awards are different from student loans because they don’t have to be repaid.
Grants of funding made available that are used by another party (i.e. an organization) to finance a particular activity, venture, charity, or facility.
“Indeed, those who recite the Book of Allah and establish prayer and spend [in His cause] out of what We have provided them, secretly and publicly, [can] expect a profit that will never perish – That He may give them in full their rewards and increase for them of His bounty. Indeed, He is Forgiving and Appreciative.”– Qur’an 35:29-30