Panay (; ) is an island in the Philippines located in the western part of the Visayas. It is about 100 miles across. Politically, it is divided into four provinces: Aklan, Antique, Capiz, and Iloilo, all in the Western Visayas Region. It is located southeast of the island of Mindoro and northwest of Negros, separated by the Guimaras Strait. Between Negros and Panay Island lie the island-province of Guimaras. To the north is the Sibuyan Sea and the islands of Romblon; to the southwest is the Sulu Sea and the Panay Gulf.

Panay ist eine Insel in der Inselgruppe der Visayas, die zu den Philippinen gehört.