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It seems like the ijaza system conferred "moral property" rights on the author (including the right to be cited by name when his works were used by future licensees), but much more limited financial benefits. Presumably, he could charge for the lessons that led up to the ijaza being issued - was he allowed to charge for the certificate itself?
My source mostly discusses books of hadiths rather than general texts but it says that it was not considered acceptable for a teacher to charge his students for what he taught them. Some teachers were so strict about this that they wouldn't even allow their students to provide other services for them (p. 198).
If you followed all the links in my original post you may have noticed that there are some groups of Muslims who insist that there is no copyright law in Islam because "knowledge is free". I don't know if these people are actually opposed to something like the ijaza system that I described, but they would definitely be opposed to the idea of royalties.
I don't know enough about this subject to say more but I think that royalties are permissible in Islam, but would probably be discouraged in favor of the free sharing of knowledge and information as long as they gave proper credit and obtained permission.