In this article, an islanded microgrid (MG) consisting of the diesel generator (DEG), the photovoltaic panel (PV), the wind turbine generator (WTG), the battery energy storage system (BESS), and the control unit is considered. In the islanded MGs, the control signals are exchanged on the open communication network, which results in the time delays in the input and the output of the islanded MG central controller (MGCC). The time delay has a destructive effect on the islanded MG stability. Thus, finding the maximum allowable time delay bound (MADB) is a significant issue. Since it is shown that the fractional order systems have larger stability region and more robustness rather than the corresponding integer order systems, in this research, we propose the fractional order proportional‐integral‐derivative (FOPID) controller as the MGCC to achieve a larger MADB value. As another innovation, in this article, a method is presented in which the MADB of the islanded MG system is determined considering the parametric uncertainties related to the damping coefficient (D) and the inertia constant (H). It is shown that the percentage improvement in the MADB of the uncertain MG system with the designed FOPID controller over the integer order proportional‐integral‐derivative (IOPID) controller is 9.64%. The accuracy of the proposed method is verified by simulation results in Matlab.