Preheat oven to 350 degrees Fahrenheit. Place cupcake liner papers in a cupcake tray.
In a medium bowl, combine almond flour, coconut flour, baking soda, baking powder, and salt. Set aside.
In another medium bowl, add honey, almond milk, olive oil, vanilla extract, and eggs. Whisk to combine.
Using an electric mixer, gradually add liquid mixture to the dry ingredients. Mix until evenly combined.
Pour batter into cupcake tray, filling each cup ¾th of the way full. Bake for 18-20 minutes or until tops of cupcakes start to turn a golden brown. When done, place cupcake tray on a wire rack until cool.
While the cupcakes are baking, place palm shortening, ⅔ cup honey, and vanilla extract in a small to medium-sized bowl. Using electric mixer, mix until frosting reaches a lighter, whipped consistency.
Once cupcakes are cool, frost cupcakes and place two slices of figs on top of each. Drizzle honey on top if desired. Store in an airtight container in refrigerator.