Zeolite faujasite is widely used as a catalyst in many industrial catalytic applications. In this study, synthesis and characterization of magnetic zeolite Y-palladium-nickel ferrite were studied. First, palladium nanoparticles were combined with nickel ferrite and then placed on zeolite Y by ultrasonic treatment. The structure and morphology of the synthesized magnetic zeolite Y-palladium-nickel ferrite were characterized using Fourier transform infrared, X-ray diffraction, scanning electron microscopy, transmission electron microscopy, energy-dispersive X-ray, vibrating sample magnetometer, and inductively coupled plasma optical emission spectroscopy analysis. Also, we investigated the catalytic activity of this prepared zeolite in Suzuki-Miyaura coupling reaction between phenylboronic acid and aryl halides. Our study shows that magnetic zeolite Y-palladium-nickel ferrite is a suitable catalyst for Suzuki-Miyaura coupling reaction. Short reaction time, high yield, and easy reusability are the advantages of using this catalyst in carbon-carbon cross-coupling reactions.