Step 1

Heat a large saucepan over medium heat. Add butter to melt. Stir rice into the melted butter. Toast the rice for 1-2 minutes while stirring to coat the rice in butter.

Step 2

Add the water, half and half, raisins and spices to the saucepan. Stir frequently as the rice absorbs the liquid. Once the liquid begins to boil, lower the heat to keep a gentle simmer. Make sure to stir to insure the rice does not stick to the bottom of the pan.

Step 3

Once the rice has absorbed some of the liquid add the condensed milk. Continue to cook until most of the liquid is absorbed and the rice is tender. This will take about a total of 20 minutes.

Step 4

When ready to serve, remove the cinnamon stick and ladle the pudding in serving bowls. Top with additional spices and raisins if desired.