The 1987–88 Toto Cup Leumit was the fourth season of the third most important football tournament in Israel since its introduction.
It was held in two stages. First, the 14 Liga Leumit teams, with Hapoel Haifa and Hapoel Jerusalem from Liga Artzit, were divided into four groups. The group winners advanced to the semi-finals, which, like the final, were one-legged matches.