We present a new polarization holographic microscopy technique based on speckle-field illumination with enhanced spatial resolution and controlled coherent noise reduction. The proposed technique employs a spatial light modulator for the generation of a sequential speckle pattern for the illumination of the sample. The developed microscope is capable of simultaneous extraction of orthogonal polarization components of the field emanating from the sample. We demonstrate the potential features of the technique by presenting spatially resolved images of the known samples and the inhomogeneous anisotropic samples. The technique has substantial significance in biomedical imaging with digital auto-focusing and complex field imaging.