Keywords:AlFe 2 B 2 Ternary compounds Ferromagnet Mossbauer effect spectroscopy Magnetic properties of intermetallic a b s t r a c t Based on extensive Mossbauer effect (ME) and magnetization measurements, the orthorhombic AlFe 2 B 2 was characterized as a ferromagnet (FM) because this character is evident as an onset of a FM transition at T c ¼ 320 K and characteristic magnetizations isotherms below T c . At liquid helium temperatures, the magnetization saturates to m sat % 1m B per Fe atom; a value which is half the one reported for the iron metal indicating a relatively more filled 3d band. The ME analysis revealed a hyperfine field H(0) of 88(2) kOe, an isomer shift (relative to Fe) of 0.50(2) mm/s, and a quadrupole parameter of 0.02 mm/s: all parameters extrapolated to zero Kelvin. The itinerant character of the magnetic moment will be discussed.