We fabricated a waveguide optical isolator with a GaInAsP guiding layer integrated with spot size converters (SSCs) for efficient coupling to optical fibers. The isolator is constructed with a Mach-Zehnder interferometer (MZI), which is composed of multi-mode interference (MMI) couplers, as well as nonreciprocal and reciprocal phase shifters. The nonreciprocal phase shifter is constructed with a magneto-optical cladding layer directly bonded to a semiconductor guiding layer. The performance of the GaInAsP waveguide optical isolator was demonstrated with a maximum optical isolation of 28.3 dB at a wavelength of 1558 nm for the TM mode.