It is proved analytically that the complex growth rate σ= σr
+iσi
(σr
and σi
are the real and imaginary parts of σ, respectively) of an arbitrary oscillatory motion of neutral or growing amplitude in ferrothermohaline convection in a ferrofluid layer for the case of free boundaries is located inside a semicircle in the right half of the σrσi
-plane, whose center is at the origin and
radius
=
R
s
[
1
−
M
1
′
(
1
−
1
M
5
)
]
P
r
′
,
{\rm{radius}}\, = \,\sqrt {{{{R_s}\left[{1 - M_1^{'}\left({1 - {1 \over {{M_5}}}} \right)} \right]} \over {P_r^{'}}}},
where Rs
is the concentration Rayleigh number, Pr
′ is the solutal Prandtl number, M
1
′ is the ratio of magnetic flux due to concentration fluctuation to the gravitational force, and M
5 is the ratio of concentration effect on magnetic field to pyromagnetic coefficient. Further, bounds for the case of rigid boundaries are also derived separately.