In this work, we present the manufacturing process of magnetizable membranes based on cotton microfibers, honey, carbonyl iron, and three different concentrations of silver microparticles. Each membrane is used as a dielectric material for the fabrication of electrical devices. By using the plane capacitor method, the electrical capacitance and dielectric loss tangent are measured in a medium-frequency alternating field superimposed on a static magnetic field. From the obtained data, the time constants of the devices, the components of complex dielectric permittivity, and the electrical conductivity of the membranes as a function of the electric field frequency and magnetic flux density can be extracted. The results show that the obtained membranes can be useful for the fabrication of low-cost and environmentally friendly magneto-active membranes that are required for various technical and biomedical applications.