This research investigates the MIMO antenna by using the Theory of Characteristics Mode (TCM) where 10 modes are subjected in designing. Also, 5 modes are the significant mode and 2 modes correspond to non-significant which defines the operating bandwidth and notched bands. The proposed 2 × 2 MIMO antenna configuration is designed for wideband applications with a size of 0.44 × 0.68 mm2. The two isolated 12-sided polygons radiating patches placed adjacent to each other share a common ground which is printed on an FR4 substrate. The measured impedance bandwidth covers bandwidth 3.11–11.98 GHz with two bands rejecting capability: Wireless Local Area Network (WLAN) and Downlink-Uplink Satellite (DUS) system. These two interfering bands are mitigated by etching a C-type slot on the radiating patch and an inverted U-type slot in the microstrip feed. The simulated and measured results are also compared in the far-field region (Normalized Radiation Efficiency (NRE), Peak Gain (PG), and 2-D/3-D radiation pattern). Proposed MIMO antenna also offers good diversity performance with ECC2×2 < 0.00001, DG2×2 > 9.999 dB, TARC2×2 < −15.0 dB, CCL2×2 < 0.001 b/s/Hz and MEG2×2 ≅ −3.0 dB.