Heat milk in a small saucepan over medium heat until it begins to bubble. Remove from heat and keep warm.
Bring 1 1/2 cups sugar and water to a boil in another saucepan. Add cardamom and saffron. Boil until syrup is thick and sticky, 4 to 7 minutes. Pour syrup into a bowl and place it over warm water to keep warm.
Blend warmed milk, remaining 1/2 cup sugar, bananas, flour, semolina, condensed milk, fennel, salt, and baking soda in a food processor until smooth, not be too thick or too runny. Cover and let rest, at least 30 minutes and up to 4 hours.
Heat oil and ghee in a nonstick pan over medium-high heat. Reduce heat to low. Drop 1 large spoonful of batter into the center to make a 2-inch pancake. Cook until edges turn golden brown, about 2 minutes. Flip and fry until both sides are golden, 1 to 2 minutes more. Remove with a slotted spoon and let cool. Repeat with remaining batter.
Dunk cooled pancakes into the syrup, one by one. Garnish with almonds and raisins.
Nutritional Facts
Per 8 servings
Calories: 429
Carbohydrate: 80g
Fat: 11g
Fiber: 2g
Protein: 5g
Sugar: 64g
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