Permanent Magnet simulation

Hello Everybody,

I have posted before and I am doing it again though I am little bit on the knowledgable side. I am trying to simulate a permanent magnet using the Br option in the Magnetic Field, No Current physics. I even given a proper Br value. I have 2 D rectangle and an air domain. Ideally, it should solve but the simulation is not converging. I have tried fining the mesh but still it doesn't work, Can anyone help me out?

Thanks,

Pankaj