This article focuses on the fabrication and investigation of the novel multifunctional NiFe2O4-Zns-Ag core-bi-shell nanocomposite and their magnetic optical properties. The nanocomposite was prepared by a simple co-precipitation method and characterized using various techniques such as XRD, SEM, TEM, UV-Vis spectroscopy, Fourier transform infrared spectroscopy (FTIR) and VSM. The results showed that the nanocomposite had a spinel cubic structure with an average crystallite size of 29 nm. The SEM and TEM images revealed that the nanocomposite had a spherical shape with an average particle size of 61 nm. The optical study demonstrated that the nanocomposite had high absorption in the visible region, indicating its potential for photocatalytic applications. The magnetic study showed that the nanocomposite was superparamagnetic in nature, which could be useful in magnetic separation processes. Furthermore, the potential application of the nanocomposite in solar cells was explored by studying its optical absorption properties. Finally, the photocatalytic activity of the nanocomposite was evaluated using two different azoic dyes under sunlight irradiation. The results showed that the nanocomposite exhibited excellent photocatalytic activity, with a degradation efficiency of 96.22% within 90 minutes. Overall, this study provides insights into the potential use of NiFe2O4-Zns-Ag nanocomposite as an efficient photocatalyst for environmental remediation.