The Ruling on Insurance for Imported Goods

Question:
What is the ruling on insuring goods imported from abroad? Also, insuring goods in warehouses against risks and damage, for a fee taken by the insurer, who guarantees them in case of damage. Is this not a form of gharar (excessive uncertainty in a contract)?

Answer:
Insurance is among the contracts of gharar (excessive uncertainty in a contract) and among the contracts of riba (usury or interest), and it is forbidden (haram), whether it is for goods, health, or anything else. Thus, insurance contracts are forbidden (muharram), and if people engage in them, it involves gharar (excessive uncertainty in a contract) and riba (usury or interest).