A two-fluid theory of long wavelength, hypersonic, drift-tearing magnetic islands in low-collisionality, low-β plasmas possessing relatively weak magnetic shear is developed. The model assumes both slab geometry and cold ions, and neglects electron temperature and equilibrium current gradient effects. The problem is solved in three asymptotically matched regions. The “inner region” contains the island. However, the island emits electrostatic drift-acoustic waves that propagate into the surrounding “intermediate region,” where they are absorbed by the plasma. Since the waves carry momentum, the inner region exerts a net force on the intermediate region, and vice versa, giving rise to strong velocity shear in the region immediately surrounding the island. The intermediate region is matched to the surrounding “outer region,” in which ideal magnetohydrodynamic holds. Isolated hypersonic islands propagate with a velocity that lies between those of the unperturbed local ion and electron fluids, but is much closer to the latter. The ion polarization current is stabilizing, and increases with increasing island width. Finally, the hypersonic branch of isolated island solutions ceases to exist above a certain critical island width. Hypersonic islands whose widths exceed the critical width are hypothesized to bifurcate to the so-called “sonic” solution branch.