Though traditional Icelandic rice pudding is often made with large amounts of sugar and butter, make a healthier version by moderating the sweetness with this Iceland-Inspired Rice Pudding recipe. See article here to... learn more about Icelandic rice pudding.
Cook the rice in the water, and bring to a boil. Reduce to a simmer, stirring frequently.
When most of water is absorbed, about 10-15 minutes add milk, sugar, and raisins. Simmer, stirring occasionally for 35-40 minutes, or until desired thickness.
Remove from heat and stir in lemon zest and salt. Spoon pudding into individual bowls topped with sliced almonds and dusted with cinnamon, if desired. Pudding can also be served cold by transferring to a glass bowl and covering with plastic wrap directly on the surface of pudding and storing in the refrigerator.