| Tournament details | |
|---|---|
| Country |  Mandatory Palestine |
| Defending champions | Hapoel Tel Aviv |
| Final positions | |
| Champions | Hapoel Tel Aviv (4th title) |
| Runner-up | Maccabi Tel Aviv |
The 1938 Palestine Cup (Hebrew: הגביע הארץ-ישראלי, HaGavia HaEretz-Israeli) was the ninth season of Israeli Football Association's nationwide football cup competition. The defending holders were Hapoel Tel Aviv.
For the third time since the beginning of the competition, the two senior Tel Aviv clubs, Hapoel and Maccabi met in the final. Hapoel won 2–1, securing its fourth cup and its second double.