Preheat the oven to 400°F. Line a baking sheet with parchment paper. Place the peppers and garlic on the tray. Drizzle with oil and season with salt, pepper, sweet paprika, hot paprika, and ground cumin. Add pine nuts and toss.
Bake for 35-45 minutes, until the peppers are starting to brown. Remove from oven and let cool for 30 minutes.
Place all ingredients into a food processor and blend until perfectly smooth. Place in a jar or bowl. Store in the fridge for up to 3 days.