Bi,Si oxides-doped NiZnCu ferrite composite material has been fabricated with different sintering times. The microstructure of the samples was investigated by X-ray diffraction (XRD) and scanning electron microscope (SEM). The complex permeability has been measured up to 1 GHz by the impedance analyzers. The complex permeability has been simulated based on the magnetic circuit model, and the result was compared with the experimental results. In the low-frequency region, the real part of the permeability of the composite material is lower than the one of non-doped NiZnCu ferrite, on the other hand it is higher than non-doped sample in the high-field region. The peak position of the imaginary part is shifted to higher frequency in the composite material. It was found that the complex permeability spectrum of the composite material was described by the magnetic circuit model, and the Bi,Si oxides-doped NiZnCu ferrite composite material has a great potential for the high-frequency operation.