Namkhyen Gyaldar means the "Victorious Flag of Buddha's Wisdom." It is the manifestation of the supreme enlightened vision of His Holiness the 16th Karmapa, Rangjung Rigpe Dorje. H.H. prophesied that this flag will bring immense benefits to the Dharma as well as to all sentient beings.

The flag is symbolic of the relative and absolute truths. On the relative level, the blue and yellow colours represent heaven (spiritual insight and vision) and earth (the world of our everyday experience), and the wave symbolises the Buddha Dharma, which flourishes between the entirety of the two (or their interdependence when we practise the Dharma).

On the absolute level, the sky-blue colour represents the complete and profound wisdom of the inner realisation of the Buddha. The yellow colour represents the complete wisdom of limitless compassion, which bestows benefits on all sentient beings and phenomena. The wavy line and the joining of the yellow and blue colours signify the inseparability of these two wisdoms.