In recent decades, several nanocomposites developed by chemical synthetic routes, have been demonstrated as efficient photocatalysts for the photodegradation of hazardous organic dyes. The present investigation reports the sonochemical-assisted fabrication of silver-supported α-Fe2O3 nanocomposites (SA@Ag@IONCs) using the Saraca asoca leaf extract. The magnetic nanocomposites can be easily removed from the reaction mixture. The morphology of these materials was characterized by field emission scanning electron microscopy (FESEM), high-resolution transmission electron microscopy (HRTEM), XPS, BET surface area analyzer, UV-visible spectroscopy, photoluminescence, X-ray diffraction (XRD), and VSM techniques. The XRD and electron microscopy analyses revealed the small size and well-crystalline SA@Ag@IONC particles with spherical and buckyball structures. The large surface area of SA@Ag@IONCs was confirmed by BET analysis. The absorption edge in UV-visible spectra appeared to migrate towards high wavelengths for the SA@Ag@IONC composite, causing a change in the bandgap energy. In the case of the sonication assisted composite, the bandgap energy was 2.1 eV, making it easier for the electron to transfer from the valence band to conduction band. The decoration of ultrasmall silver onto the surfaces of the α-Fe2O3 nanocomposite, which considerably increases the capacity to absorb sunlight, enhances the efficiency of charge carrier separation, and inhibits the electron-hole recombination rate as confirmed by the reduced PL intensity, is responsible for the excellent photocatalytic degradation performance. Outcomes shown SA@Ag@IONCs have a high photodegradation rate as well as high-rate constant value at an optimized condition that is at pH 9 and 0.5 g L-1 dose of nanocomposite, photodegradation rate of Azure B is ∼94%. Trap experiment results indicated that O2˙- and h+ are the active species responsible for the photodegradation of AzB.