In this study, nanoparticles of CuFe2O4@SiO2@PTMS@Tu@Ni(II) as the reusable magnetic catalyst were prepared. Synthesis of the Ni(II)–CuFe2O4 system was carried out through a five-step procedure including the preparation of CuFe2O4 as the prime magnetic core, layering of silica, 3-chloropropyltrimethoxysilane and thiourea and finally the immobilization of Ni(OAc)2·4H2O. The prepared nanocomposite system was then characterized using FT-IR, SEM, EDX, XRD, VSM, ICP-OES and TGA/DSC analyses. Catalytic activity of CuFe2O4@SiO2@PTMS@Tu@Ni(II) was further studied toward synthesis of biscoumarin materials by a domino Knoevenagel–Michael reaction of 4-hydroxycoumarin with aromatic and heterocyclic aldehydes under solvent-free conditions (70 °C) within 15–30 min. The applied nanocomposite system was easily and magnetically separated from the reaction mixture and reused for six consecutive cycles without the significant loss of its catalytic activity.