This paper introduces a novel droop-based decentralized control scheme to address the power-sharing challenges within a PV-fed islanded AC microgrid. This novel approach integrates both conventional (P-f/Q-V) and virtual impedance concepts to optimize and manage the precise distribution of active and reactive power among parallel operating inverters posing a significant research challenge. The conventional droop control methods encounter limitations such as voltage and frequency deviations and inaccuracies in power-sharing due to line impedance disparities. To overcome these limitations, the proposed solution integrates an enhanced virtual impedance control loop alongside the conventional control loop (P-f/Q-V). The efficacy of this approach is showcased through simulations conducted using the OPAL-RT OP4510 simulator within the MATLAB/Simulink platform. The Real-time simulation outcomes confirm the efficiency of the suggested control strategy, guaranteeing precise distribution of both active and reactive power while upholding stable voltage and frequency profiles within the system.