This paper proposes mathematical modeling and analysis of ferrofluid lubricated newly designed slider bearing having convex pad (surface or plate) stator with two porous layers attached to the slider. The problem considers the effect of slip velocity proposed by Sparrow et. al.[1] and modified by Shah et. al.[2] at the film-porous interface. The squeeze velocity V=−which appears when the upper impermeable plate approach to the lower one, is also considered here for study. The magnetic field is assumed to be oblique to the lower plate. From the Reynolds’s equation of the above model, expressions for dimensionless form of pressure and load carrying capacity are obtained. The expression for the dimensionless load carrying capacity is then solved numerically to examine its possible effect on the designed bearing system