The invention discloses a martial art knife with a magnetic massage handle. The knife comprises a knife handle, an isolating film, a medicinal material layer, a precipitation isolating layer, a magnetic bead rubber base and magnetic beads, wherein the isolating film sleeves the knife handle; the precipitation isolating layer sleeves the isolating film; the medicinal material layer is filled between the isolating film and the precipitation isolating layer; the magnetic bead rubber base sleeves the precipitation isolation layer; and the magnetic beads are disposed in a cross section of the magnetic bead rubber base. In comparison with the prior art, the knife handle of the martial art knife disclosed by the invention has magnetic treatment health-care effects, as well as health-care effects of multiple traditional Chinese medicine materials; the medicinal materials are grinded and mixed with sesame oil, and the mixture is filled in the knife handle and precipitates very slowly by the rolling magnetic beads in exercise, so that the health-care treatment effects can be achieved slowly; and the martial art knife is valuable in promotion and application.