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Offline miracle114

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Insurance and gambling
« on: November 27, 2017, 04:44:06 PM »
Salaam all
Regarding gambling and trade.
Seller A sells good to buyer B.
Insurer C charges a fixed rate say 5% to insure 95% the goods from damages but has nothing to do with the profit, loss, business input etc

1) is insurer C gambling or providing a halal service?
2) is insure C responsible for 95% of the goods if he is only charging 5% to protect them?
3) is there any hidden riba involved and in Allah's eyes would. All parties be in collusion if there is ?

Jzk and peace. I would appreciate any input.