The present work studies Kelvin-Helmholtz waves propagating between two magnetic fluids. The system is composed of two semi-infinite magnetic fluids streaming throughout porous media. The system is influenced by an oblique magnetic field. The solution of the linearized equations of motion under the boundary conditions leads to deriving the Mathieu equation governing the interfacial displacement and having complex coefficients. The stability criteria are discussed theoretically and numerically, from which stability diagrams are obtained. Regions of stability and instability are identified for the magnetic fields versus the wavenumber. It is found that the increase of the fluid density ratio, the fluid velocity ratio, the upper viscosity, and the lower porous permeability play a stabilizing role in the stability behavior in the presence of an oscillating vertical magnetic field or in the presence of an oscillating tangential magnetic field. The increase of the fluid viscosity plays a stabilizing role and can be used to retard the destabilizing influence for the vertical magnetic field. Dual roles are observed for the fluid velocity in the stability criteria. It is found that the field frequency plays against the constant part for the magnetic field. (C) 2003 Elsevier Inc. All rights reserved.