The Fay Islands are part of the Sverdrup Islands in Qikiqtaaluk Region, Nunavut, Canada. Located in the Arctic Ocean, they are also members of the Queen Elizabeth Islands and Canadian Arctic Archipelago. They lie within the Sverdrup Channel between Meighen Island and the west coast of Axel Heiberg Island. Peary Channel and Amund Ringnes Island are to the south.