1988 Icelandic Cup

The 1988 Icelandic Cup was the 29th edition of the National Football Cup.

It took place between 31 May 1988 and 27 August 1988, with the final played at Laugardalsvöllur in Reykjavik. The cup was important, as winners qualified for the UEFA Cup Winners' Cup (if a club won both the league and the cup, the defeated finalists would take their place in the Cup Winners' Cup).

The 10 clubs from the 1. Deild entered in the last 16, with clubs from lower tiers entering in the three preliminary rounds. Teams played one-legged matches. In case of a draw, a penalty shoot-out took place (there were no replays, unlike in previous years).

Valur won their fifth Icelandic Cup, beating Keflavík in the final, and so qualifying for Europe.

First round

 * colspan="3" style="background-color:#97DEFF"|31 May 1988


 * colspan="3" style="background-color:#97DEFF"|1 June 1988
 * colspan="3" style="background-color:#97DEFF"|1 June 1988


 * }

Second round

 * colspan="3" style="background-color:#97DEFF"|12 June 1988


 * colspan="3" style="background-color:#97DEFF"|13 June 1988
 * colspan="3" style="background-color:#97DEFF"|13 June 1988


 * colspan="3" style="background-color:#97DEFF"|16 June 1988
 * colspan="3" style="background-color:#97DEFF"|16 June 1988


 * }

Third round

 * colspan="3" style="background-color:#97DEFF"|29 June 1988


 * }

Fourth round

 * Entry of ten teams from the 1. Deild


 * colspan="3" style="background-color:#97DEFF"|5 July 1988


 * }

Quarter-finals

 * colspan="3" style="background-color:#97DEFF"|20 July 1988


 * }

Semi-finals

 * colspan="3" style="background-color:#97DEFF"|10 August 1988


 * }

Final

 * Valur won their fifth Icelandic Cup, and qualified for the 1989–90 European Cup Winners' Cup.