This paper presents the fabrication and characterization of plane capacitors utilizing magnetodielectric materials composed of magnetizable microfibers dispersed within a silicone oil matrix. The microfibers, with a mean diameter of about 0.94 μm, comprise hematite (α-Fe2O3), maghemite (γ-Fe2O3), and magnetite (Fe3O4). This study investigates the electrical behavior of these capacitors under the influence of an external magnetic field superimposed on a medium-frequency alternating electric field, across four distinct volume concentrations of microfibers. Electrical capacitance and resistance measurements were conducted every second over a 60-s interval, revealing significant dependencies on both the quantity of magnetizable phase and the applied magnetic flux density. Furthermore, the temporal stability of the capacitors' characteristics is demonstrated. The obtained data are analyzed to determine the electrical conductance and susceptance of the capacitors, elucidating their sensitivity to variations in microfiber concentration and magnetic field strength. To provide theoretical insight into the observed phenomena, a model based on dipolar approximations is proposed. This model effectively explains the underlying physical mechanisms governing the electrical properties of the capacitors. These findings offer valuable insights into the design and optimization of magnetodielectric-based capacitors for diverse applications in microelectronics and sensor technologies.