A 4‐element circular quasi‐Yagi based multiple‐input‐multiple‐output (MIMO) antenna system with loop excitation is presented. This wide dual‐band antenna system covers 1.45–2.55 GHz and 3.707− 4.71 GHz bands covering GPS, GSM/EDGE, UMTS/HSDPA, Bluetooth, Wi‐Fi and WiMAX bands. This antenna has an end‐fire directional radiation pattern with front‐to‐back ratio (FBR) of 13.8 dB, minimum measured gain of 5.8 dBi and directivity of 7 dB at 2 GHz using one director element. The minimum measured efficiency across the two bands was 65%. The proposed antenna ensured good MIMO performance in terms of isolation and correlation. It has a minimum measured isolation of 18 dB across both bands. Due to its geometry configuration, pattern orthogonality is obtained which gives very low envelope correlation coefficient values not exceeding 0.1589 in both bands. The size of the MIMO antenna system is 263 × 263 mm2 thus making it suitable for wireless access points and on vehicle applications.© 2016 Wiley Periodicals, Inc. Microwave Opt Technol Lett 58:2769–2774, 2016