In a large saucepan, heat the olive oil over medium heat. Add the diced onion and bell pepper, and sauté for about 5 minutes until softened. Stir in the minced garlic and cook for another 30 seconds.
Add the brown rice, raisins, cumin, cinnamon, parsley, salt, and pepper. Stir well to coat the rice in the spices.
Pour in the water and broth, then bring to a simmer. Cover, reduce heat to low, and let cook for about 40 minutes, or until the rice is tender. (With brown rice, I sometimes have to add a little extra water at the end to get the perfect texture.)
Fluff with a fork, serve warm, and enjoy!