This paper presents a two-element MIMO antenna configuration designed using magneto-dielectric (MD) material. The MD material has been designed such that its temperature coefficient value approaches zero. The microwave dielectric constant and permeability of the material is calculated by Nicholson-Ross-Weir conversion technique and found to be 8.02 and 1.64, respectively. Each element is designed so that it can operate at 5.71 GHz. The two elements of the MIMO configuration are separated by quarter wavelength and half wavelength and are compared. The designed antenna can give a quad-directional radiation property, which can be utilized for the diversity scheme.