labor supply in Islamic economic

Using the classical work- leisure model, this paper assesses the labor supply of a Moslem individual in ijara (hiring) and musharakah (participatory) labor markets and presents the labor supply function and labor supply curve and the aggregate supply of an Islamic economy. The paper first explains the work-leisure model in conventional economics and shows how to use it for analyzing the labor supply. Modifying some concepts used in this model, the paper than, shows the capabality of the conventional work-leisure model for assessing the labor supply of a Moslem individual. Having this adjusted model, it analyzes the labor supply in ijara and participatory markets from a microeconomic perspective and presents its function and curve. Summing the microeconomic functions horizontally and changing microeconomic variables to macroeconomic ones, the aggregate supply function and curve for labor in ijara and musharakah markets are derived. In conclusion, the criterion for selecting the type of market by labor force is introduced.