The fifth ICC awards ceremony was held in Dubai, U.A.E. on 10 September 2008. The Award of The Twenty20 International Performance of the Year inaugurated.

• Cricketer of the Year: Shivnarine Chanderpaul (West Indies)
• Test Player of the Year: Dale Steyn (South Africa)
• ODI Player of the Year: Mahendra Singh Dhoni (India)
• Twenty20 International Performance of the Year: Yuvraj Singh (India)
• Emerging Player of the Year: Ajantha Mendis (Sri Lanka)
• Umpire of the Year: Simon Taufel (Australia)
• Women's Cricketer of the Year: Charlotte Edwards (England)
• Associate Player of the year: Ryan ten Doeschate (Netherlands)
• Spirit of Cricket: Sri Lanka national cricket team

• World Test XI: Graeme Smith (SA, captain), Virender Sehwag (Ind), Mahela Jayawardene (SL), Shivnarine Chanderpaul (WI), Kevin Pietersen (Eng), Jacques Kallis (SA), Kumar Sangakkara (SL, wicket-keeper), Brett Lee (Aus), Ryan Sidebottom (Eng), Dale Steyn (SA), Muttiah Muralitharan (SL), 12th man: Stuart Clark (Aus)

• World one-day XI: Herschelle Gibbs (SA), Sachin Tendulkar (Ind), Ricky Ponting (Aus, captain), Shoaib Malik(Pak), Andrew Symonds (Aus), Mahendra Singh Dhoni (Ind, wicket-keeper), Farveez Maharoof (SL), Daniel Vettori (NZ), Brett Lee (Aus), Mitchell Johnson (Aus), Nathan Bracken (Aus), 12th man: Salman Butt (Pak)