Topological indices have an important role in molecular chemistry, network theory, spectral graph theory and several physical worlds. Most of the topological indices are defined in a crisp graph. As fuzzy graphs are more generalization of crisp graphs, those indices have more application in fuzzy graphs also. In this article, we introduced the fuzzy hyper-Wiener index (FHWI) and studied this index for various fuzzy graphs like path, cycle, star, etc and provided some interesting bounds of FHWI for that fuzzy graph. A lower bound of FHWI is established for n-vertex connected fuzzy graph depending on strength of a strong edges. A relation between FHWI of a tree and its maximum spanning tree is established and this index is calculated for the saturated cycle. Also, at the end of the article, an application in the share market of this index is presented.