In the present study, we investigated the effects of slip and induced magnetic field on the peristaltic flow of a Jeffrey fluid in an asymmetric channel. The governing two-dimensional equations for momentum, magnetic force function and energy are simplified by using the assumptions of long wavelength and low but finite Reynolds number. The reduced problem has been solved by Adomian decomposition method (ADM) and closed form solutions have been presented. Further, the exact solution of the proposed problem has also been computed and the mathematical comparison shows that both solutions are almost similar. The effects of pertinent parameters on the pressure rise per wavelength are investigated using numerical integration. The expressions for pressure rise, friction force, velocity, temperature, magnetic force function and the stream lines against various physical parameters of interest are shown graphically. Moreover, the behavior of different kinds of wave shape are also discussed. Copyright (C) 2009 John Wiley & Sons, Ltd.