The 1987–88 Iraq FA Cup was the 11th edition of the Iraq FA Cup. The tournament was won by Al-Rasheed for the second consecutive time, beating Al-Zawraa 4–3 on penalties in the final after a 0–0 draw. Al-Rasheed won the 1987–88 Iraqi National League as well to complete their second double in a row. It was also Al-Zawraa's first FA Cup final defeat.
The final score in the final of the Iraq FA Cup was less than 1.