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Yes, the UTG Pro M-LOK handguard for AK47 and the UTG Pro Universal AK47 Quad Rail Handguard are free float. Explanation The UTG Pro M-LOK handguard for AK47 is a free float handguard. The UTG Pro Universal AK47 Quad Rail Handguard is a free float quad rail handguard. It is made of aircraft aluminum and has a slim profile and lightweight design.

Hi and welcome. I don't think this will fit the Zastava M77 .308 due to gas tube diameter. I would check with Leapers/UTG Customer Service at (734) 542-1500. Cheers and stay safe!

Here's a bit more info on this rail below. https://www.combathunting.com/AK47_AK74_MAK_90_MAADI-Yugoslavian_M70_AK_Quad_Rail_Handguard_YUGO_M70.html