UAE: The delay in the issuance of the first tranche of Nakheel’s AED4.8 billion (US$1.3 billion) Sukuk has reportedly been attributed to the submission of incorrect bank account details by 30 of its trade creditors. The issuance of the first tranche was originally scheduled for June 2011 but was then delayed to August. The company has requested the 30 creditors to resubmit their account details in order to proceed with the issuance of the second tranche of its Sukuk program.