The invention relates to a hydrophobic metal-organic framework / poly(cyclotriphosphazene-co-bisphenol AF) flame retardant and a preparation method thereof, and belongs to the technical field of flame retardant materials. The preparation method comprises: preparing a metal-organic framework ZIF-B from cobalt nitrate hexahydrate, zinc nitrate hexahydrate, nickel nitrate hexahydrate and 2-methylimidazole; and introducing the ZIF-B into the reaction of hexachlorocyclotriphosphazene, bisphenol AF and an acid binding agent, and participating into heterogeneous nucleation to prepare a flame retardant.According to the present invention, the flame retardant has an initial decomposition temperature of 382+ / -3 DEG C, a maximum thermal decomposition rate of more than 450 DEG C, and a residue amount ofmore than 35% at a temperature of 800 DEG C, has good thermal stability, is rich in a large number of fluorine atoms on the surface, has a water contact angle of more than 140 DEG C, has good superhydrophobic performance, and further has good effects of water resistance, flame retardancy, and smoke suppression in the application in flame retardant polypropylene, polycarbonate and epoxy resins.