In this article, the boundary layer flow of an electrically-conducting fluid through a porous medium attached with a radiative permeable stretching sheet is analyzed. Following the Brinkman theory, an extended Darcy model (Darcy-Brinkman model) is utilized for the model momentum equation. Heat transfer analysis is also performed in the presence of viscous and Joule dissipation. Moreover, in the modeling of the energy equation, the effects of internal heating resulting from the mechanical effort required to squeeze out the fluid through the porous medium are also included in porous dissipation. Suitable dimensionless variables are introduced to convert the governing boundary layer equations into a dimensionless form, which are then converted into self-similar, nonlinear ordinary differential equations by utilizing similarity transformations. The exact solution of the nonlinear self-similar momentum equation is obtained in the form of the exponential function. In contrast, the solution of the energy equation is computed through the Laplace transform technique in the form of Kummer confluent hypergeometric functions. Effects of involved physical parameters on the momentum boundary layer (MBL), thermal boundary layer (TBL), wall shear stress, and local Nusselt number are explored through graphs and tables. Moreover, the slope linear regression (SLR) technique is used to calculate the rate of decrease/increase in shear stress and the rate of heat transfer at the boundary. The velocity and momentum boundary layer decreases for large values of porosity parameter and increases by increasing the viscosity ratio. The shear stress increases by increasing the porosity parameter, Hartman number, and suction parameter, while the opposite effect is examined with increasing values of viscosity ratio parameter. Heat transfer rate also enhances by increasing the Brinkman viscosity ratio parameter and wall suction velocity.