The current hindrance in the commercialization of electrochemical devices such as fuel cells and metal–air batteries is the high cost and poor stability of widely employed noble‐metal‐based electrocatalysts. In this report, a new intermetallic nickel/cobalt silicide‐decorated carbon‐rich silica‐based ceramic composites (Co/SiOC or Ni/SiOC) were successfully synthesized as alternative bifunctional electrocatalysts. The oxygen reduction reaction (ORR) and the oxygen evolution reaction (OER) kinetics of the prepared composite materials were evaluated by electrochemical characterization. Co/SiOC exhibited more positive ORR kinetics with the onset potential of 0.87 V vs. RHE compared to that of Ni/SiOC, which is slightly lower compared to Pt/C. Conversely, Ni/SiOC exhibits a 50 mV more positive OER onset potential compared to Co/SiOC with almost similar OER kinetics to RuO2. The bifunctional ability concluded that Ni/SiOC was a good bifunctional catalyst with an oxygen electrode potential 0.89 V. As Co/SiOC performs as a better ORR catalyst, it was utilized as a cathode catalyst for the construction of anion exchange membrane fuel cell and its fuel cell performance was evaluated. The Co/SiOC composites produce a peak power density of 54 mW/cm2, representing a satisfactory result when compared with Pt/C. The results reveal that the intermetallic nickel/cobalt silicide nanosphere decorated ceramic materials can have a promising future as efficient alternative electrocatalysts in electrochemical devices.