Place frozen fava beans in a medium sauce pan with enough water to cover. Bring to boil and boil 3-5 minutes or until beans are heated through and tender. Drain beans and set aside to cool.
When beans are cool enough to handle carefully peel the beans, discarding the skins.
Place beans in food processor along with oil, lemon juice, salt, cumin and paprika. Blend until smooth and creamy. Taste for seasonings and adjust if necessary.
Place in a serving bowl. Top with additional olive oil, paprika, salt and pepper, if desired.
Serve warm with toasted bread or warm pita bread and slivered onions on the side.