Amid Global Tensions, B57+ Deemed an Alternative Business Solution - KabarBursa.com
KABARBURSA.COM - The formation of the B57+ Asia Pacific Chapter signifies the emergence of a new forum for inter-country business cooperation among OIC nations, with Indonesia holding a strategic role in the region. This initiative is deemed relevant amid escalating global geopolitical uncertainties. As the country with the largest Muslim population, Indonesia has significant potential to make substantial contributions to the platform.
Head of Research at Kiwoom Sekuritas Indonesia, Liza Camelia Suryanata, assesses that before proceeding further, clarity is needed on short- and medium-term strategies in both the public and private sectors. This is crucial so that business actors have a concrete picture of collaboration opportunities that can be developed, especially with support from instruments such as sharia accounts and stock zakat facilitated by the Indonesia Stock Exchange.
Amid geopolitical pressures that could hinder distribution routes and business relations, the presence of B57+ is seen as an alternative mitigation measure. By prioritising mutually beneficial cooperation without interference from political or religious interests, business activities are expected to run more stably. This contrasts with the situation in the Strait of Hormuz, which illustrates how geopolitical tensions can have widespread impacts on the global economy.
“The formation of the B57+ Asia Pacific Chapter with Indonesia as a key point is a relevant business cooperation platform amid current global geopolitical uncertainties. With more mutualistic collaborations unburdened by political or religious interests, businesses can operate more stably and manageably, even in complex global situations like the conflict in the Strait of Hormuz,” Liza stated to KabarBursa.com in Jakarta on Thursday, 23 April 2026.
Liza added that the establishment of the B57+ Asia Pacific Chapter is a strategic step to strengthen inter-OIC country business cooperation with Indonesia as a key actor. She also emphasised that this platform has the potential to become a solution in dampening the impacts of global geopolitical tensions through neutral collaborations oriented towards mutual benefits, thereby maintaining the stability of economic activities.
B57+ Formed Through Global Forum
The formation of B57+ does not stand alone but stems from the Indonesia–B57+ Multilateral Business Roundtable, a high-level forum held in Jakarta on 3–4 February 2026 as part of the Indonesia Economic Summit (IES) 2026.
This forum was initiated by the Islamic Chamber of Commerce and Development (ICCD) together with the Indonesian Business Council (IBC) and brought together policymakers, government officials, ambassadors, and global business actors to promote the implementation of project-based Islamic economic cooperation.
Discussions in the forum focused on aligning business ecosystems, strengthening market connectivity, and opening new trade and investment routes based on sharia finance, innovation, and empowerment of small and medium enterprises (SMEs).
Additionally, the discussions emphasised identifying Indonesia’s flagship sectors that can drive exports while strengthening integration with Islamic country markets.
ICCD positions B57+ as a bridge between government policies and the private sector to accelerate inclusive economic growth.
The formation of B57+ Asia-Pacific was marked by the official declaration handover from ICCD to the Indonesian Business Council during the IES 2026 momentum. This step positions Indonesia as the main node in strengthening economic connectivity between OIC countries and their strategic partners in the Asia-Pacific region.
Centre for Islamic Economic Integration
As part of ICCD’s flagship initiatives, B57+ is directed to make the Asia-Pacific region a dynamic centre for Islamic economic integration, with a focus on increasing trade, investment, and cross-border collaboration.
The forum also produced commitments to accelerate sectoral partnerships and regulatory reforms to support the smooth flow of trade among member countries.
Through this forum, ICCD reaffirms its long-term mission to build an integrated, resilient, and inclusive economic ecosystem among the 57 OIC member countries, while strengthening B57+’s position as the main platform in connecting markets, investments, and Islamic global economic value chains.