Magnetic fabrics provide important clues for understanding impact cratering processes. However, only a few magnetic fabric studies for experimentally shocked material have been reported so far. In the framework of MEMIN (Multidisciplinary Experimental and Modeling Impact Research Network), we conducted two impact experiments on blocks of Maggia gneiss with the foliation oriented perpendicular (A38) and parallel (A37) to the target surface. Maggia gneiss has plenty of biotite bands forming a strong rock foliation. The bulk magnetic susceptibility varies from 0.376 × 10−3 to 1.298 × 10−3 SI in unshocked and from 0.443 × 10−3 to 3.940 × 10−3 SI in shocked gneiss. The thermomagnetic curves reveal a Verwey transition at −147 °C and a Curie temperature between 576 and 579 °C in unshocked and shocked samples, indicating nearly pure magnetite, which carries the magnetic fabrics. In A37 and A38 kinking is prominent from the point source down to a depth of 2 and 4.2 dp (projectile diameter) or 1 and 2.1 cm, respectively. Kinking, folding, and fracturing changed the position of magnetite grains with respect to each other to reorient the magnetic fabrics. Reorientation of magnetic fabrics is conspicuous down to 20 dp (10 cm) in A38, where no other impact‐related deformation is visible. The reorientation of magnetic fabrics may, therefore, aid in identifying impact processes at very low pressures, starting at 0.1 GPa, when other common indicators are absent.