Core–shell fuel@oxidizer nanocomposite can combust in oxygen‐starved environment. A ferrimagnetic reactive particle, being successfully engineered, allows for manipulation using an external magnetic field and facilitates target heat or gas production. This research reports on interesting flame dynamics of newly synthesized core–shell Al@Fe3O4 nanoparticles under the influence of a magnetic field. Serving as an oxidizer and a functional ferrimagnetic component, iron oxide nanoparticles (IONPs) are grown in situ on nano‐sized Al (n‐Al) particles. Electron microscopic images demonstrate nearly monodispersed IONPs ≈7 nm decorating the surface of n‐Al. X‐ray diffractogram and X‐ray photoelectron spectroscopy confirm the formation of Fe3O4. Thermal analysis suggests the as‐prepared core–shell particles predominantly go through a solid‐state reaction mechanism that exhibits 30% lower activation energy compared to physically‐mixed nanocomposite (215.0 vs 310.8 kJ mol−1). The core/shell particles can be ignited and combust under laser irradiation with or without the effect of a magnetic field. When suspended in the middle of the tube by the magnetic field, an interesting combustion process is observed, highlighting a grow‐shrink‐grow flame resulted from the interactions between the combustion products and the external magnetic field, as well as backfiring at the bottom of the sample without major changes in burning rate and ignition delay.