In a pan add rice, cinnamon sticks, star anise, and almonds. Toast until the rice get lightly golden brown.
Place in a bowel and add water, soak for 6 hours.
Add the everything to a blender along with Sweetened condensed milk, sugar, vanilla, and half of the milk and blend.
Place cheese cloth in a fine mesh sieve. Pour everything in the blender into the cheese cloth. Squeeze as much liquid out as possible.
Pour the liquid into a pitcher and add the other half of milk.
Stir and pour over ice.
