Asbestos is an industrially important microfiber present in cement industries and some mining sites and is very toxic to plant growth and development, but it has been neglected over the years. Therefore, this study was conducted to investigate the hazardous effects of asbestos on the growth and development of two important grass species (switchgrass and timothy grass). In order to mitigate the toxic effects of asbestos, a compost (bio-fertilizer) was also used. The asbestos soil samples were collected within a 10 km area of a cement factory. The results revealed that the asbestos-contaminated soils displayed a considerable increment in heavy metal uptake including chromium (Cr), manganese (Mn), vanadium (V), arsenic (As), and barium (Ba), which led to stunted plant growth. Consequently, the activities of antioxidant enzymes such as superoxide dismutase (SOD), glutathione peroxidase (GPX), and catalase (CAT) were stimulated to kept the redox balance under control. Among all the contaminated soils, the soil that was taken within a 0 Km area, closest to the cement factory, was the most toxic one. However, a compost amendment (25%) as a bio-fertilizer substantially reduced the toxic effects of asbestos fiber on the overall growth and development of plants, by reducing the metals’ uptake. Moreover, it was found that the roots of both grass species experienced higher heavy metal accumulation relative to the shoots. Collectively, it can be proposed that the studied grass species can be used for phytoextraction purposes, since both of them absorbed the heavy metals from the asbestos-contaminated soils.