In this paper, we propose and analyze a diffuse interface model for inductionless magnetohydrodynamic fluids. The model couples a convective Cahn-Hilliard equation for the evolution of the interface, the Navier-Stokes system for fluid flow and the possion quation for electrostatics. The model is derived from Onsagers variational principle and conservation laws systematically. We perform formally matched asymptotic expansions and develop several sharp interface models in the limit when the interfacial thickness tends to zero. It is shown that the sharp interface limit of the models are the standard incompressible inductionless magnetohydrodynamic equations coupled with several different interface conditions for different choice of the mobilities. Numerical results verify the convergence of the diffuse interface model with different mobilitiess.