The 1988–89 Asian Club Championship was the 8th edition of the annual Asian club football competition hosted by Asian Football Confederation. Al-Sadd of Qatar won the final and became Asian champions for the first time.

Qualifying Group round

Group 1

All matches were played in Doha, Qatar.

Group 2

All matches were played in Sharjah, United Arab Emirates. 1 Fanja played only in the GCC Tournament.

Group 3

All matches were played at the Salt Lake Stadium in Calcutta, India.

Group 4

All match were played at the Mirpur Stadium in Dhaka, Bangladesh.

Group 5

All match were played in Bangkok, Thailand.

Group 6

All matches were played in Guangzhou, China PR.

Semi Final Group round

Group A

All match were played in Guangzhou, China PR.

Group B

All match were played in Kuantan, Malaysia.

Final

3–3 on aggregate; Al-Sadd won on away goals.