In the fully dynamic maximal independent set (MIS) problem our goal is to maintain an MIS in a given graph $G$ while edges are inserted and deleted from the graph. The first non-trivial algorithm for this problem was presented by Assadi, Onak, Schieber, and Solomon [STOC 2018] who obtained a deterministic fully dynamic MIS with $O(m^{3/4})$ update time. Later, this was independently improved by Du and Zhang and by Gupta and Khan [arXiv 2018] to $\tilde{O}(m^{2/3})$ update time. Du and Zhang [arXiv 2018] also presented a randomized algorithm against an oblivious adversary with $\tilde{O}(\sqrt{m})$ update time. The current state of art is by Assadi, Onak, Schieber, and Solomon [SODA 2019] who obtained randomized algorithms against oblivious adversary with $\tilde{O}(\sqrt{n})$ and $\tilde{O}(m^{1/3})$ update times. In this paper, we propose a dynamic randomized algorithm against oblivious adversary with expected worst-case update time of $O(\log^4n)$. As a direct corollary, one can apply the black-box reduction from a recent work by Bernstein, Forster, and Henzinger [SODA 2019] to achieve $O(\log^6n)$ worst-case update time with high probability. This is the first dynamic MIS algorithm with very fast update time of poly-log.