Magnetic iron nanoparticles (Fe₃O₄) were synthesized and characterized using Fourier Transformed Infrared ((FT-IR), UV-Visible spectrophotometer, Scanned Electron Microscopy (SEM) equipped with an Energy Dispersive X-ray spectrometer (EDX), and X-ray Diffraction (XRD). The synthesized nano catalyst was used in the transesterification of mahogany seed oil with methanol. The optimized reaction conditions gave a reaction yield of 88% at a catalyst concentration of 1.5% wt., a volume ratio of methanol to oil of 5:1, a reaction temperature of 60 °C, and a reaction time of 120 minutes. The Fe₃O₄ nanoparticles was regenerated from the mixture and reused for various circles by applying the optimum conditions obtained during the present study. The results showed that the biodiesel yield decreased by increasing the number of cycles when the regenerated catalyst was used. However, good conversion (81.9%) was obtained up to the 5th cycles. The elemental analysis of the synthesized magnetic iron nanoparticles Fe₃O₄) revealed the highest proportion of iron with 64.37 and 74.40% for atomic and weight concentration respectively, followed by oxygen with 34.27 and 24.50% for atomic and weight concentrations respectively. It could be concluded that the synthesized nano catalyst would serve as an excellent catalyst for the transesterification of vegetable oils.