In the semi-arid areas of Xinjiang in China, the agricultural community is facing long-term challenges in improving crop productivity and economic profits. A potential way to improve crop productivity is by intercropping food crops with cash crops. In this two-year field experimental study, we analyzed the advantages of the cumin/maize intercropping system as compared to cultivating them separately from three perspectives: crop growth, interspecific interactions, and water use efficiency. At the experimental site, each cropping systems (i.e., the cumin/maize intercropping system, monocropping cumin system, and monocropping maize system) had three replicates. In the experimental of 2019 and 2020, the three cropping systems showed significant differences in plant height, stem diameter, and leaf area index (LAI). The yields of the cumin/maize intercropping system were both lower than monocropping maize and cumin. However, the cumin/maize intercropping system had a higher land equivalent ratio (LER) than either of the monocropping systems, with a two-year average value of 1.65. Intercropped cumin was less dominant; as shown by aggressivity (Acm; averaging—0.22) and relative crowding coefficient (Rcm; averaging—3.15). In addition, the cumin/maize intercropping system significantly improved the Water equivalent ratio (WER) as compared to the monocropping systems, with a two-year average value of 1.67. Therefore, the cumin/maize intercropping system is a promising agricultural strategy to improve the utilization rate of agricultural resources and economic benefits in Xinjiang.