Magnetic hysteresis and compensation behavior of a mixed spin-(l,3/2) Ising model on a square lattice are investigated in the framework of effective field theory based on a probability distribution technique.The effect of random crystal field,ferromagnetic and ferrimagnetic exchange interaction on hysteresis loops and compensation phenomenon are discussed.A number of characteristic phenomena have been reported such as the observation of triple hysteresis loops at low temperatures and for negative values of random crystal field.Critical and double compensation temperatures have been also found.The obtained results are also compared to some previous works.