In this paper, to solve an important issue of low ON-state current in the nickel silicide (NiSi) metal source/drain Schottky barrier (SB) MOSFET (SBMOS), we have reported a novel dielectric engineered (DE) dopant segregated (DS) SBMOS structure using gate dielectric engineering. In a proposed device, we employ two different gate dielectric materials. The high-k gate dielectric is used at the source side and low-k gate dielectric at the drain side. Beneath the high-k gate dielectric, electron accumulation increases due to large gate dielectric capacitance density. As a result, reduction in depletion of source side dopant segregation layer further decreases the SB tunneling width for the electron injection. Consequently, improvement in ON-state current (I _ON ) is obtained. In addition, the low-k gate dielectric and drain side dopant segregation layer increases the effective SB height and tunneling width for the hole injection. Thus, the OFF-state current (I _OFF ) is suppressed. The optimization of proposed device has been performed by modulating the length of high-k and the low-k gate dielectric. In addition, we have compared the performance of the proposed device in terms of ON to OFF current ratio (I _ON /I _OFF ), subthreshold swing (SS), transconductance(g _m ), transconductance generation factor (g _m /I _D ), cut-off frequency (f _T ), and gain-bandwidth product (f _A ) to the SBMOS, DS SBMOS, and DS SBMOS with the full high-k gate dielectric. Moreover, we have proposed the possible process flow for the DE DS SBMOS fabrication.